accounting

The outcome of NCBSA v. CIR shows why it's so important to have a licensed tax expert help with your cannabis business taxes. 

• NCBSA claimed $1.5 million in ordinary and necessary business expenses on its 2012 tax return. The IRS disallowed the company’s tax deductions under Section...

AHCA v. Commissioner of Internal Revenue shows that courts are likely to view cannabis management companies as subject to the 280E regulation. 

• Alternative Health Care Advocates used a cannabis management company to provide HR services. 
• The court ruled that this management company...

Learn what expenses to prioritize and ways to optimize your cash flow to stay in business. 

• Pay your cannabis taxes first, and rent and utilities expenses thereafter. 
• Know your inventory restock cycle to plan ahead for unforeseen expenses. 
• Build a rainy day fund with any extra cash...