Our New York City office is now open! Located in Midtown- 1740 Broadway 15th Floor, New York, NY 10019
Still in Effect Experts warn hikers that injured rattlesnakes can pretend to be dead but will attack if a person approaches too closely. Even dead rattlers have a strong bite reflex that lasts for hours after the snake has been eliminated, and the heads of decapitated rattlesnakes have been known to turn around and […]
As your business grows and evolves, understanding the financial leadership roles of a Chief Financial Officer (CFO) and a Controller can be crucial for sustained success. Both positions play distinct yet complementary roles in managing your company’s finances, but they serve different purposes at various stages of your business lifecycle. In this article, we’ll discuss […]
New York state cannabis businesses are now subject to a 9% excise tax, effective this month. The state’s move to an excise tax from a potency tax will help some cannabis businesses survive a difficult market, while smaller businesses may lose out.The tax that aims to support legal expansion of the cannabis market by “simplifying, streamlining and reducing” obligations falls unevenly […]
Part 1 of this 2-part series on Cannabis and Hemp examined the growth of psychoactive hemp and how it has put an additional burden on an already beleaguered cannabis industry. In Part 2, 420CPA looks at the cannabis industry’s attempts to force the genie back into the bottle. Reprinted with the permission of Beard Bros. […]
Reprinted with permission of Bloomberg Tax The Drug Enforcement Administration recommended that cannabis be transferred from its status as a Schedule I controlled substance to Schedule III under the Controlled Substances Act. This means cannabis has been found to have accepted medical use and low potential for abuse. When this process is complete, the cannabis industry’s federal […]
In Part 1 of this 2-part series on Cannabis and Hemp, 420CPA looks at the growth of psychoactive hemp and how it has put an additional burden on an already beleaguered cannabis industry. Part 2 examines the cannabis industry’s attempts to force the genie back into the bottle. Reprinted with the permission of Beard Bros. […]
Reprinted With The Permission Of Bloomberg Tax New York Gov. Kathy Hochul’s proposal to replace the state’s cannabis potency tax with an excise tax will help lower taxes for the legal cannabis industry as a whole, say ABFinWright’s Rachel Wright, Abraham Finberg, and Simon Menkes. New York Gov. Kathy Hochul (D.) on Jan. 16 recommended […]
In South Dakota’s journey towards adult-use sales, 420 CPA explores the future of South Dakota cannabis tax and finance for companies currently facing the challenging landscape. Advocates in the state are preparing for another battle to legalize adult-use cannabis by 2024, with two competing initiatives underway, but the future remains uncertain as we navigate the […]
In the ever-expanding landscape of the cannabis industry, where green is not just a color but a thriving economic force, the question of taxation looms large. As states grapple with the complex task of regulating and taxing cannabis, a taxing dilemma has emerged, raising critical questions about fairness, sustainability, and the industry’s long-term viability. The […]
Texas charts its own cannabis course, from historic restrictions to a budding medical program.
