As of the beginning of this year, there are some changes to how California is calculating the excise tax for cannabis distributors. The CDTFA released guidance changing the calculation of cannabis excise tax, as well as the payment schedule. Here’s what you need to know.
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While it’s true that cannabis is still a developing market, that doesn’t mean best business practices should be thrown by the wayside in favor of rapid growth. It’s important to track key performance indicators to make sure your cannabis operation is running profitably. Hoping that...
Cannabis is still a new market, and with so much cash changing hands during the course of doing business, it’s likely that operators will come across fraud, embezzlement, or financial misrepresentation at some point.
Cash management is important for every small business but can sink a cannabis operator quickly. In an industry where virtually every transaction is handled in cash, strong cash handling policies are critical for survival.
Last week, we covered a recent court case Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue. (Watch the Video)
A recent court ruling in Alternative Health Care Advocates et al. v. Commissioner of Internal Revenue offers some significant tax implications for cannabis operators and management companies. The case, which was filed at the end of December 2018, is a cautionary tale for any cannabis...