by Abraham Finberg | Mar 17, 2021 | Cannabis Business, Tax
Reproduced with permission. Published March 04, 2021. Copyright R 2021 The Bureau of National Affairs, Inc. 800-372- 1033. For further use, please visit https://www.bloombergindustry.com/copyright-and-usage-guidelines-copyright/...
by Abraham Finberg | Mar 10, 2021 | Bookkeeping, Cannabis Business, Tax
Summary In the cannabis industry, due to lack of banking, cash has truly been king. Compliance is critical when receiving large amounts of cash from customers as the penalties can be cost prohibitive to operating your business. We’ve offered a short guide here to...
by Abraham Finberg | Feb 12, 2021 | Cannabis Business, Tax
Innocent until proven guilty… NOT. When it comes to paying taxes, auditors have an advantage: you have to prove you filed your taxes correctly; once you do, it’s their job to show your proof is wrong. You gave them your point of sale records, bank statements (if...
by Abraham Finberg | Nov 10, 2020 | Cannabis Business, News, Tax
Source: CA Department of Tax and Fee Administration Due to new legislation, Assembly Bill 1872 (Stats. 2020, ch. 93), the cannabis excise tax mark-up rate and the cultivation tax rates will not change on January 1, 2021. Cannabis Excise Tax Mark-up Rate The cannabis...
by Abraham Finberg | Sep 11, 2020 | Cannabis Business, News
Source: Manzuri Law
by Abraham Finberg | Jul 24, 2020 | Cannabis Business, Tax
By Andrew Gradman Esq and AB FinWright Partners Abraham Finberg & Rachel Wright In addition to the sales and use tax, California cannabis businesses pay two unique taxes: The cannabis excise tax, and the cannabis cultivation tax. This article discusses the...
