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Cannabis Accounting 101: How to Stay Compliant, Reduce Risk, and Maximize Profits
Cannabis operators are challenged at every turn. Regulatory and tax compliance are essential to business continuity, but stringent requirements often come at a cost. Considering the limitations placed upon the industry by IRC 280E, which prevents cannabis businesses from deducting even the most basic business expenses at the federal level, margins are tight (a gross understatement). To ensure success in this challenging environment, operators must apply diligence with their accounting to stay compliant, minimize risk, and maximize profits.
Choosing the Right Business Structure: A New York CPA’s Guide for Cannabis Entrepreneurs
The cannabis industry in New York is both challenging and rewarding. Startup costs can be high, but choosing the proper business structure strategically can be the key to maximizing profitability, reducing your tax burden, and streamlining operations. In this guide, we’ll explore what cannabis entrepreneurs and their financial teams need to know about structuring a business for success in New York State.
What Investors Want to See in Your Cannabis Financials
Raising capital in the cannabis industry isn’t just about a good pitch deck and solid vibes. Investors are digging into your financials, and they’re bringing sharp pencils. Whether you're prepping for a seed round, Series A, or strategic partnership, your financial readiness is what builds trust and opens wallets.