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…
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…
Be Compliant –Message to Unlicensed MMFLA Applicants Today’s Michigan LARA MMFLA Licensing Review Board Meeting had a strong closing message. Businesses who are in the licensing process need to be compliant in all respects in order to have their license approved. Michigan’s MMFLA licensing process has seemed to be delayed over the last…
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…
Working with a CPA from Business Start Up to Maturity When starting a business or recruiting the members of your team, hiring a CPA or specialized accountant is often an afterthought. Or, a reactionary process in response to tax return needs or regulatory requirements. While these are certainly justifiable reasons, this isn’t the “value”…