Comprehensive Compliance Services and Solutions
It’s no secret that the cannabis industry is booming. While many entrepreneurs are eager to operate in this lucrative space, it’s important to note that your business must adhere to unique rules and regulations that are exclusive to the industry. While compliance can be challenging, it’s one of the most important factors that you must consider if you want your business to succeed.
Compliance standards can vary from state to state, so It’s vital that you’re an expert when it comes to your state’s legislation. Failure to comply with state regulations can result in serious penalties- including your business being shut down. With intimate knowledge of cannabis rules and regulations, Green Space Accounting offers complete compliance solutions to help you along the way.
Taxes are a little challenging to understand and manage, especially if you are in the cannabis industry. The industry has a set of regulations your
Did you know a company called Trulieve received $113 million in 280e tax refunds? The company was doing its due diligence and applying what the
The cannabis regulations continue to rattle many cannabis businesses, especially the 280e taxation regulations. This makes it challenging for cannabis owners to deduct taxes on
Deciphering The COGS Equation: Where Do Cannabis Testing Fees Fit In? Unlocking the true nature of cannabis testing fees and their classification as Costs of
In the wake of Maryland’s historic decision to legalize recreational marijuana, businesses, and entrepreneurs are poised to enter a new and lucrative landscape, filled with
Ask any economic expert about the most thriving sectors in Maryland, and they’ll speak to the state’s prowess in manufacturing, energy/utilities, life sciences, and construction.
Whether your business needs guidance in securing a bank account or assistance in keeping finances and records organized, we can help! Contact us today for a FREE 30-minute consultation.
As a dispensary or ancillary business in the cannabis space, you’re required to follow a set of rules governed by the state you’re operating in. Compliance rules range from financial to retail to environmental, and your business must operate within these parameters.
Green Space Accounting helps businesses of all sizes stay compliant with state regulations through thorough reporting, audits, and the set-up of good procedures and processes. To learn more about how we can help your business stay compliant, contact us today.
While hemp & CBD are federally legal, there are still restrictions when it comes to shipping, marketing, banking, etc. Companies in this space should consider working closely with experts in the industry to ensure they’re aware of any rules and regulations that need to be followed.
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