280e
Ask the Expert: Labor Related Compliance & Benefits to Outsourcing HR Functions
June 29, 2023 blogger 280e, account development, acquisitions, Act, administration, administrative, analysis, analytics, background, Banking, Business, Business Analysis, cannabis, compliance, compliant, Cultivation, dispensary, employee, employer, extraction, Federal, filing, government, Growing, Health, HR, HR tasks, human, human resources, industry, insurance, labor, Law, Legal, legalization, Legalize, legislation, liabilities, license, Local, managed, management, market, marketing, Medicial Marijuana, MSP, Murer, Nicholas, Nick, onboarding, Operations, pay transparency, payment, payroll administration, project management, provider, regulation, Regulations, regulatory, reporting, resources, Retail, safe, sales, screening, service, Sponsored Content, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, tracking, unemployment, verification, WECO, weed, withdrawal
As the cannabis industry grows, companies are faced with more labor related compliance and regulatory issues, which require time and expertise. Rather than hire internal staff to manage human resources (HR) and compliance, many companies choose to outsource nearly 85% of HR functions. These functions include payroll administration, HR tasks and other employment liabilities, like […]
280e, account development, acquisitions, Act, administration, administrative, analysis, analytics, background, Banking, Business, Business Analysis, cannabis, compliance, compliant, Cultivation, dispensary, employee, employer, extraction, Federal, filing, government, Growing, Health, HR, HR tasks, human, human resources, industry, insurance, labor, Law, legal, legalization, Legalize, legislation, liabilities, license, Local, managed, management, market, marketing, MSP, Murer, Nicholas, Nick, onboarding, Operations, pay transparency, payment, payroll administration, project management, provider, regulation, Regulations, regulatory, reporting, resources, Retail, safe, sales, screening, service, Sponsored Content, state, Tax, Taxes, tracking, unemployment, verification, WECO
New Jersey Moves to Remove State’s 280E Tax Code
March 28, 2023 blogger 280e, analysis, analytics, Business, Business Analysis, cannabis, code, compliance, CQC, CQCExpo, Federal, government, Growing, industry, IRS, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medicial Marijuana, New Jersey, NJ, Operations, product, Recreational, regulation, Regulations, regulatory, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, weed, withdrawal
The New Jersey legislature recently approved legislation that would allow licensed cannabis businesses to deduct ordinary business expenses on their state tax return that they are prohibited from deducting on their federal tax return, and such legislation has been sent to Governor Phil Murphy to potentially sign into law. This relates to the universally dreaded […]
280e, analysis, analytics, Business, Business Analysis, cannabis, code, compliance, CQC, CQCExpo, Federal, government, Growing, industry, IRS, Law, legal, legalization, Legalize, legislation, license, marijuana, market, New Jersey, NJ, Operations, product, Recreational, regulation, Regulations, regulatory, state, Tax, Taxes
Audit Readiness for Plant Touching Businesses
March 17, 2023 blogger 280e, account, accountant, accounting, analysis, analytics, audit, auditing, Business, Business Analysis, cannabis, code, compliance, Concentrates & Extracts, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, Edibles & Processing, extraction, Federal, finance, government, Growing, industry, IRC, IRS, Law, Legal, legalization, Legalize, legislation, license, marijuana, Medicial Marijuana, Operations, policies, procedure, process, processes, Recreational, regulation, Regulations, regulatory, sop, state, Stop Smoking Marijuana, Stop Smoking Pot, taces, Tax, THC, weed, withdrawal
A report issued three years ago by the Department of Treasury, Treasury Inspector General for Tax Administration (TIGTA), states that the IRS will begin to increase its audit of cannabis businesses throughout the country. The report, released on March 30, 2020, states that the IRS believes that most cannabis businesses have not accurately applied IRC […]
280e, account, accountant, accounting, analysis, analytics, audit, auditing, Business, Business Analysis, cannabis, code, compliance, Concentrates & Extracts, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, Edibles & Processing, extraction, Federal, finance, government, Growing, industry, IRC, IRS, Law, legal, legalization, Legalize, legislation, license, marijuana, Operations, policies, procedure, process, processes, Recreational, regulation, Regulations, regulatory, sop, state, taces, Tax, THC
Adult Use Cannabis Begins in Compassionate Connecticut
March 15, 2023 blogger 280e, AB FinWright, access, analysis, analytics, Business, Business Analysis, cannabis, compliance, Connecticut, consumer, CQC, CQCExpo, CT, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, Edibles & Processing, extraction, Federal, fees, government, Growing, industry, Law, Legal, legalization, Legalize, legislation, license, licensee, licenses, licensing, marijuana, market, Medical, Medicial Marijuana, Medicine, Nutmeg State, Operations, patient, product, program, quality, Recreational, regulation, Regulations, regulatory, Retail, social equity, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, weed, withdrawal
On January 10, 2023, Connecticut joined those states in our union that have opened their doors to adult use cannabis sales. Seven dispensaries stepped through those doors and by January 31, Connecticut had recorded $5.1 million in adult use sales, plus an additional $8.2 million in medical sales for a total of $13.3 million. Like […]
280e, AB FinWright, access, analysis, analytics, Business, Business Analysis, cannabis, compliance, Connecticut, consumer, CQC, CQCExpo, CT, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, Edibles & Processing, extraction, Federal, fees, government, Growing, industry, Law, legal, legalization, Legalize, legislation, license, licensee, licenses, licensing, marijuana, market, Medical, Medicine, Nutmeg State, Operations, patient, product, program, quality, Recreational, regulation, Regulations, regulatory, Retail, social equity, state, Tax, Taxes
New Jersey’s Careful Approach to Cannabis: Part Two
February 20, 2023 blogger 280e, AB FinWright, analysis, analytics, Business, Business Analysis, cannabis, compliance, consumer, CQC, CQCExpo, CRC, Cultivation, dispensary, excise, extraction, Federal, government, Growing, industry, laboratories, laboratory, Law, Legal, legalization, Legalize, legislation, license, licensing, marijuana, market, Medical, Medicial Marijuana, Medicine, New Jersey, New York, NJ, NJ Division of Taxation, product, quality, Recreational, regulation, Regulations, regulatory, Retail, sales, social equity, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, taxing, weed, withdrawal
Click here to read Part One where we examined the state of the market, licensing, approvals and sales. Part Two delves into all things taxes. A “Raft” of Taxes Like New York, New Jersey cannabis companies will be dealing with a raft of taxes: Federal Section 280E: Will It Apply in New Jersey? Well … […]
280e, AB FinWright, analysis, analytics, Business, Business Analysis, cannabis, compliance, consumer, CQC, CQCExpo, CRC, Cultivation, dispensary, excise, extraction, Federal, government, Growing, industry, laboratories, laboratory, Law, legal, legalization, Legalize, legislation, license, licensing, marijuana, market, Medical, Medicine, New Jersey, New York, NJ, NJ Division of Taxation, product, quality, Recreational, regulation, Regulations, regulatory, Retail, sales, social equity, state, Tax, Taxes, taxing
Rhode Island Embraces Adult Use Cannabis, But With A Bitter Tax Pill
February 10, 2023 blogger 280e, AB FinWright, analysis, analytics, Business, cannabis, compliance, credit, equity, Federal, government, Growing, industry, IRC, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicial Marijuana, Medicine, Recreational, regulation, Regulations, regulatory, Retail, Rhode Island, social, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, weed, withdrawal
Although Rhode Island is the USA’s smallest state, it has traditionally taken an out-sized dislike for cannabis and its users. It first banned cannabis in 1918 and, up until recently, had some of the strictest mandatory minimum sentences for large-scale possession, sentencing those with more than 5 kg (11 lbs) to 20 years’ imprisonment and […]
280e, AB FinWright, analysis, analytics, Business, cannabis, compliance, credit, equity, Federal, government, Growing, industry, IRC, Law, legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicine, Recreational, regulation, Regulations, regulatory, Retail, Rhode Island, social, state, Tax, Taxes, THC
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