Marijuana Business Tax Deductions: How Cannabis Businesses Can Save
Marijuana businesses need to know the ins and outs of taxes, especially knowing what you can deduct from taxes. With the 280e rule, you can only deduct certain expenses that can enhance your tax liability. Taxes are challenging enough to deal with and stay compliant. Understanding the costs or expenses you can deduct can make […]
Your Essential Guide To Maryland Cannabis Compliance
Maryland cannabis compliance is similar to other states with a few minor changes in taxation. Operating a business in the cannabis industry is hard, but knowing Maryland cannabis laws can help you stay in business. This guide dives into Maryland’s cannabis compliance laws for those looking to stay ahead in the state. Licensing Process For […]
How To Take Control Of Your Cannabis Inventory Management
Cannabis companies need to organize their inventory to record and track for tax purposes. Without recording proper inventory in line with regulatory standards, fees can occur from regulatory authorities. Establishing an organized cannabis inventory management system can put businesses on the right path to avoiding those fees. If you’re a cannabis facility or a dispensary […]
Do Dispensary Employees Pay Taxes?
As we all know, the industry throws us a curve ball every so often and taxes are no exception. Compliance regulations are especially cumbersome to taxes and businesses, like dispensaries, have to follow these regulatory guidelines. Not only dispensaries but their employees must follow the same regulatory compliance rules. Dispensary employees pay their taxes by […]
