Taxes November 7, 2022
Ford Urges Broad Interpretation of EV Tax Credits
Ford responded to Treasury Department request on how it should implement the new consumer tax credits.
Small Business October 19, 2022
National Convenience Store Chain to Sell Marijuana
The retail partnership will begin next year with 10 of the company’s 600 locations in Florida.
April 16, 2022
If Your State is Legalizing Marijuana, Here’s What Accountants Need to Know
The truth is that as an accounting professional, if you’ve served agriculture, research labs, or retail operations — you already know the basics of serving a cannabis company. The biggest difference lies in the stringent reporting requirements and ...
April 15, 2021
Breaking Down Cannabis Taxation and Business Issues
We've rounded up our top blog posts for managing all things cannabusiness-related in areas such as tax codes, accounting, inventory management systems, cash flow management, and more.
March 31, 2021
New York State Legalizes Recreational Marijuana
Adults over 21 will also be allowed to grow marijuana at home. It will be a while before legal sales begin or plants are allowed to grow as the newly-created Office of Cannabis Management is formed and finalizes rules and regulations.
January 13, 2020
Cannabis Infused Pop-Up Restaurant Debuts in Detroit
The women will serve a four-course meal rich in vegetables with one lamb chop course that can be substituted for a roasted mushroom dish. The first four plates will feature an element that is infused with THC, the psychoactive element of cannabis.
August 30, 2018
Why Accounting Firms Should Niche in the Medical Marijuana Industry
All medical marijuana growers and dispensaries have very specific accounting requirements and are need of qualified Accountants and Bookkeepers to help them stay compliant as well as stay on top of their cash flow, inventory management, and ...
Firm Management August 9, 2018
How to Speak to Your Accounting Firm Clients About Cannabis
How do you explain your cannabis clients to your non-cannabis clients? Good question, but we should start with two assumptions that need to be made. One, you are working with State licensed companies. Two, your client’s starting point of view on ...
July 27, 2018
A Tax Accountant’s Analysis of the Cannabis Industry
In 28 States and the District of Columbia, cannabis is legal in one way or another. The problem is when you are dealing with the Federal Government. Cannabis is an illegal Schedule I Narcotic. That being said, when it comes to cannabis, legal ...
July 11, 2018
Opioids, Marijuana and Employment Law
With the increasing use of prescribed opioids, reportedly one out of every three persons took such a prescription in 2015, the likelihood that the issue will arise in either the hiring context or involving a current employee is significant.
June 4, 2018
A Lesson in Tax Basis Taught to us by Almond Trees, of All Things
I keep in touch with an ex-bookkeeper that I sort of mentored. She decided to take the Enrolled Agent Exam but ended up failing Part I and must take it again. When I asked her what she got wrong, she mentioned basis. Basis is a hard concept to ...
January 11, 2018
A Final Article on Cannabis and Section 280E
For this, my final article on cannabis taxation, get ready to get your mind blown.