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…

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…

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…

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…

Be Compliant –Message to Unlicensed MMFLA Applicants

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…

Responding to MMFL Financial Deficiencies

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…