Ideas for Provisioning Centers to Minimize 280E Impact The amount of taxes they pay is a somewhat rude shock for most provisioning center owners or business managers. Sales tax, excise tax, and income tax are all relatively new to the cannabis industry. (In recent historical terms!) We discuss tips on how provisioning centers can…
How Does 280E Impact Marijuana Businesses? If you are already in the medical cannabis industry, or just beginning to get your toes wet, you have probably heard about the high taxes your business will face. Or the special 280E accounting the business will face. This is mostly true. The reality is some marijuana industry…
Five Tips for Responding to MMFL Financial Deficiencies Applicants for a Medical Marihuana Facility License (MMFL) in Michigan will need to overcome several hurdles in the application process. After submitting and receiving feedback on the application, the last thing an applicant wants to hear is that they have deficiencies or additional information that is being…
Understanding Accounting for Leases Accounting for Leases for Business Owners Lease accounting can be tricky. New accounting standards require a lease to be recognized on the balance sheet as an asset and a liability. This can can present many challenges for businesses in determining the right steps in accounting for leases. At face…
Preparation & Set Up of your Accounting System under 280E This webinar was originally hosted by Cannabiz Connection on June 5, 2018. Learn common steps in the preparation & set up of your business’s accounting system under 280E.