Opportunity Zones, Social Equity, and Tax Planning for Marijuana Businesses

Opportunity Zones, Social Equity, and Tax Planning

Opportunity Zones, Social Equity, and Strategic Tax Planning for Marijuana Businesses   Marijuana entrepreneurs intending to operate an adult use (recreational) business under the Michigan Regulation and Taxation of Marijuana Act (MRTMA) may be able to combine features of the state’s social equity provisions with tax incentives available in qualified opportunity zones under the Tax…

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280E and Microbusinesses- What you need to know!

This article was originally written for Marijuana Micro Business. Please visit MarijuanaMicroBusiness.com for more information. Are you considering operating a marijuana microbusiness under the Michigan Regulation and Taxation of Marihuana Act (MRTMA)? If so, having an understanding of financial and tax implications in this regulated industry is critical for success.  Tax regulations, such as IRS…

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Compliant Accounting System

Setting Up & Maintaining a Compliant Accounting System

Setting Up & Maintaining a Compliant Accounting System — A compliant accounting system requires much more than tracking receipts and entering transactions into a box software or spreadsheet.  With good intentions, new businesses generally implement basic accounting processes as their activity develops and the need arises.  Too often however, these accounting processes are quickly pushed…

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Budgeting & Forecasting for Cannabis Businesses

CFO Perspective: Budgeting & Forecasting for Cannabis Businesses   Budgeting & Forecasting for Cannabis Businesses: This webinar was originally hosted by Cannabiz Connection on August 7, 2018.  Learn effective steps for creating, using, and staying on track with financial budgets and forecasts. Great for those planning, starting, or currently operating a medical cannabis business! Check…

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Provisioning Center Sales Tax Collection

Provisioning Center Sales Tax Collection – Why & How

Provisioning Center Sales Tax Collection – Why & How   Since January 2018, provisioning centers in Michigan legally operating under the state’s Medical Marijuana Facilities Licensing Act  (MMFLA) Emergency Rules must collect sales tax. The requirement was released in a notice by the MI Department of Treasury.  The notice focuses directly on the Medical Marijuana…

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