Exit planning for cannabis entrepreneurs presents distinct challenges rooted in the industry's regulatory complexity, financial opacity, and tax constraints. Unlike traditional businesses, cannabis enterprises must navigate federal illegality alongside state-specific licensing requirements, creating a unique…
Multi-vertical cannabis operations include growing, processing, and selling cannabis all under one business. Each part of the operation has its own set of rules and requirements, making it difficult to manage finances and keep track…
The cannabis industry is growing quickly, with changing laws, complicated tax issues, and various operational needs. Cannabis companies have specific financial challenges, such as following IRC § 280E regulations, dealing with unpredictable cash flow, and…
IRC §280E Explained: How Cannabis Businesses Can Legally Reduce Tax Liability Internal Revenue Code Section 280E fundamentally reshapes the tax landscape for cannabis businesses operating in the United States. Enacted in 1982, §280E disallows deductions…
Cannabis businesses operate within a uniquely challenging tax environment, where federal illegality contrasts sharply with state-level legality. This contrast significantly increases the risk of an IRS audit for operators in the cannabis sector. The complexity…
The MedMen disaster still baffles financial experts. Despite having no proven track record, the company's founders convinced sophisticated investors to pour hundreds of millions into what would become one of the Cannabis industry's most spectacular…
Finding a lucrative niche is key to building a sustainable practice. The traditional model of being a generalist accountant serving dozens of clients across multiple industries is increasingly challenging and often leaves professionals overworked and…
The Cannabis industry stands at a pivotal crossroads in 2025. With federal rescheduling proceedings facing unexpected delays and a new administration settling into office, Cannabis businesses and their accountants face significant uncertainty about the regulatory…
As Cannabis businesses rush to prepare for potential rescheduling, a harsh reality is emerging: most aren't ready for the scrutiny that's coming. While the industry celebrates this historic shift, many Cannabis operators are sitting on…
As Cannabis businesses rush to prepare for potential rescheduling, a harsh reality is emerging: most aren't ready for the scrutiny that's coming. While the industry celebrates this historic shift, many Cannabis operators are sitting on…