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…
Introduction Ascend Wellness Holdings, a leading cannabis company, is a major player in the rapidly growing cannabis industry. With operations in multiple states, Ascend is at the forefront of the market, especially in Illinois where the…
Introduction Cannabis rescheduling refers to the process of changing the classification of cannabis under the Controlled Substances Act (CSA). Currently, cannabis is classified as a Schedule I substance, indicating it has a high potential for abuse and no…
Introduction The NY Cannabis Excise Tax has introduced a new dynamic in the state's growing cannabis industry. This tax, intended to generate significant revenue, is particularly important for small firms operating within the market. While designed to…
Understanding the Implications of Cannabis Reclassification The U.S. Drug Enforcement Agency (DEA) has recently recommended shifting cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act. This significant move has…
Introduction Cannabis accounting presents unique challenges that are not commonly encountered in other industries. The intricacies of tracking and managing financial records within the cannabis sector come from strict regulatory requirements, banking restrictions, and the…
Introduction The world of cannabis accounting has its own set of difficulties that require specialized attention. Cannabis businesses operate in a complex regulatory environment, with strict compliance requirements and specific financial considerations. These complexities highlight the need…