Blog
2024 Tax Season Preparation: Failure to Prepare is Preparing to Fail
As the 2024 tax season approaches, cannabis businesses are urged to embrace a forward-thinking and collaborative approach to tax season preparation. Communication…
Navigating Upcoming 1099 Deadlines: Understanding the Purpose of 1099-NEC
Upcoming 1099 Filing and Reporting Deadlines For the tax year 2023, the deadlines for filing 1099-NEC forms are as follows: It’s imperative…
2024 UPDATE: New California Cannabis Business Tax Credit: The High-Road Cannabis Tax Credit
On June 30, 2022, Governor Gavin Newsom signed California Assembly Bill 195 into law, a bill specific to the cannabis industry. One…
Leading Like Napoleon: Strategic Thinking for Cannabis Executives
With the latest movie about Napoleon out, I’ve been thinking about what kind of military lessons we can glean from the Napoleonic…
DankCan Dispensary: A Comprehensive Cannabis Retailer Turnaround in Michigan
DankCan Dispensary*, after operating since recreational legalization in Michigan in 2018, a once-thriving cannabis retailer in Michigan, they found themselves mired in…
Small Businesses in America Face a Big Headache: FinCEN’s Corporate Transparency Act Has Arrived
FinCEN’s Corporate Transparency Act Has Arrived Enacted by Congress in 2021, the Corporate Transparency Act (CTA) went into effect on January 1,…
Federal Tax Filing Deadlines for 2024
The IRS will begin accepting and processing 2023 tax year return filings on January 23rd 2024. Please note FEDERAL INCOME TAX filing…
Ohio’s Adult-Use Cannabis Bill Still Needs to Work Out Kinks
Reprinted with the permission of Bloomberg Tax Rachel Wright, Abraham Finberg, and Simon Menkes explain the legislative battle over Ohio’s latest cannabis…
Unpacking the Impact: CDTFA’s Strain on California’s Cannabis Industry, Recent Developments, and Industry Advocacy
LOS ANGELES–California, a trailblazer in the legalization of recreational cannabis, has faced challenges as the industry seeks to establish itself and cannabis…
