taxes

Small business owners around the country are in need of help as more and more states ask their citizens to stay at home. Cannabis is no exception.

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. 

 

Need a dispensary chart of accounts? Contact us for help today!

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Cannabis operators have a lot to keep track of. From staying compliant with complex regulations to tracking KPIs and staying alert for signs of embezzlement,...

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...

Need help with setting up the financials for cannabis nursery? Contact us today!

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Cannabis operators seeking to diversify should consider a cannabis nursery; this business model is slightly less involved than a full cultivation...

Last month, the California Department of Tax and Fee Administration announced an increase in the cannabis excise tax. Starting January 1, 2020, the new markup rate will be 80%, an increase from the original markup of 60%.