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As many of you know, the cannabis industry is navigating turbulent waters. Recent developments from the Drug Enforcement Administration (DEA) bring both cautious optimism and a reminder of the long journey ahead. The DEA is set to hold a critical hearing on December 2nd at its headquarters to discuss the proposal to reschedule marijuana from […]
At 420 CPA powered by VERDANT Strategies, we don’t just crunch numbers; we craft tailored financial journeys. Here’s how 420 CPA is revolutionizing the CPA client relationship: Responsive, Bespoke ServiceOur clients enjoy access to a team of proactive, responsive professionals ready to assist at every turn. We don’t just respond; we anticipate the needs of our clients, […]
SAVE THE DATE: ****AUGUST 29, 10:00AM*** Calling all CANNABIS OPERATORS – AND ACTIVISTS STOP CALIFORNIA’S CANNABIS EXCISE TAX GRAB! STAND WITH CATALYST AND ALL of CALIFORNIA CANNABIS INDUSTRY AT 10AM ON AUGUST 29th AND PROTEST REG 3802! The CDTFA is set to make permanent Emergency Regulation 3802, forcing cannabis retailers to […]
Verdant Strategies-420CPA, in partnership with Beard Bros. Media, is gearing up for NECANN New Jersey. Scheduled for September 6-7, 2024, at the Atlantic City Convention Center, this regional conference focuses intensely on the nuances of the local cannabis market, making it an important gathering for those operating within or entering the tri-state area.Event Highlights and […]
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 […]
As the leisurely pace of summer vacations winds down, the buzz of Q3 and Q4 conference planning is ramping up. At 420 CPA, we’re deep into our annual planning phase, setting the stage to finalize our picks, budgets, and representatives by mid-August. Given the whirlwind nature of conferences—from countless panels and sessions to the myriad […]
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 […]
