Tax
September 11, 2023 blogger ABC, analysis, analytics, appoint, appointed, bankrupt, bankruptcy, Business, Business Analysis, cannabis, compliance, court, credit, creditor, debt, Federal, government, industry, Law, Legal, legalization, Legalize, legislation, liability, license, marijuana, market, Massachusetts, Medical, Medicial Marijuana, Medicine, Michigan, missouri, protection, receiver, receivership, Recreational, regulation, Regulations, regulatory, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, weed, withdrawal
Part 1 of this series discussed the lack of bankruptcy protections for cannabis companies, since bankruptcy in the U.S. is an exclusively federal procedure and cannabis remains illegal under federal law and proposed a number of alternative options for businesses struggling in the current environment. Part 2 of this series focused on state law receiverships […]
ABC, analysis, analytics, appoint, appointed, bankrupt, bankruptcy, Business, Business Analysis, cannabis, compliance, Court, credit, creditor, debt, Federal, government, industry, Law, legal, legalization, Legalize, legislation, liability, license, marijuana, market, Massachusetts, Medical, Medicine, Michigan, missouri, protection, receiver, receivership, Recreational, regulation, Regulations, regulatory, state, Tax
September 1, 2023 blogger alternative, analysis, analytics, appoint, appointment, Arizona, bankrupt, bankruptcy, Business, Business Analysis, California, cannabis, civil, Colorado, compliance, court, Federal, financial, government, Illinois, industry, judicial, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Maryland, Medical, Medicial Marijuana, Medicine, Nevada, Operations, procedure, receiver, receivership, Recreational, regulation, Regulations, regulatory, state, statute, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, Washington, weed, withdrawal
Part 1 of this series discussed the lack of bankruptcy protections for cannabis companies, since bankruptcy in the U.S. is an exclusively federal procedure and cannabis remains illegal under federal law and proposed a number of alternative options for businesses struggling in the current environment. Part 2 of this series focuses on one of these […]
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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
June 13, 2023 blogger analysis, analytics, broker, Business, Business Analysis, cannabis, commercial, compliance, coverage, digital, dispensaries, government, Growing, HUB, ID, industry, insurance, insure, International, Jay Virdi, Law, Legal, legalization, Legalize, legislation, liability, license, marijuana, market, Medical, Medicial Marijuana, Medicine, online, Operations, product, property, provider, quality, Recreational, regulation, Regulations, regulatory, Retail, safety, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, THC, weed, withdrawal
Cannabis sales in the United States are expected to hit $100 billion by 2030, and yet dispensary owners still face hurdles before getting up and running, namely obtaining the right insurance coverage. Unlike a coffee shop or clothing store, it can be difficult to secure the insurance coverage needed to satisfy the requirements prescribed by the […]
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May 22, 2023 blogger ABFinWright, analysis, analytics, Business, Business Analysis, cannabis, compliance, CQC, CQCExpo, excise, flat, government, Growing, industry, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicial Marijuana, Medicine, New York, Operations, potency, product, rate, Recreational, regulation, Regulations, regulatory, Retail, revenue, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, weed, withdrawal
On March 31, 2021, New York legalized adult-use cannabis with the passage of the Marijuana Regulation & Taxation Act (MRTA). Perhaps the most controversial portion of the Act was Section 493(1)-(3), which established taxes on the potency of cannabis products sold by distributors to retailers. Many cannabis advocates condemn this tariff, arguing that it increases the […]
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April 5, 2023 blogger 190, AB FinWright, adult, analysis, analytics, approval, Bozeman, Business, Business Analysis, cannabis, compliance, consumer, county, Cultivation, Cultivation & Growing, Dispensaries & Retail, dispensary, government, Growing, I-190, industry, Law, Legal, legalization, Legalize, legislation, license, Local, marijuana, market, Medical, Medicial Marijuana, Medicine, montana, MT, Operations, product, Recreational, regulation, Regulations, regulatory, Retail, safety, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, use, weed, withdrawal
A little over a year ago, we at AB FinWright took a look at the newly-opened adult-use cannabis market in Montana and posed the question: Is Cannabis the Next Gold Rush for Montana? Now, with our 20-20 hindsight, we can see that cannabis sales have taken off in the Treasure State and the tax dollars […]
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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 […]
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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 […]
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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 […]
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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 … […]
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