Financial Operations Insights, Guides, and Tools
5 Signs Your Cannabis Business Needs a Fractional CFO (Not Just an Accountant)
Cannabis finance is not a simple thing. Even the most accounting-savvy operator will sooner or later realize the value of having a qualified cannabis accountant in their corner to inform strategy, cash flow management, and compliance.
How Multi-License Cannabis Operators Can Simplify Tax and Entity Management
Cannabis is one of the most regulated and complex industries in the United States. No matter what entity structure you choose, tax compliance coupled with federal and state regulatory hurdles will keep you on your toes!
How Indoor Growers Can Set Up Financial Systems that Scale with the Harvest
The cannabis industry is enjoying explosive growth nationwide as most states have now either partly or fully legalized and decriminalized its sale and use. While we still have a ways to go, there’s no question that business is booming.
Cost Accounting for NY Cultivators:The Secret to Surviving 280E
As all cannabis operators are acutely aware of, IRC 280E is the bane of the industry. Without proper cost accounting strategies in place, already-tight margins contract into a painfully tight place, threatening continuity and weakening any opportunities for growth and expansion.
The Ultimate Cannabis AccountingTech Stack for 2026
Cannabis businesses rely on software to navigate complex accounting, compliance, and tax reporting requirements. But when you’re swimming in a sea of options – all claiming to be the only solution you need – how do you choose?
Tips for Managing Cash Flow and Inventory Across the NY Cannabis Supply Chain
Tight margins, regulatory and compliance mandates, and the rigors of the highly competitive New York cannabis market challenge operators on a daily basis. How you handle inventory across the supply chain can be a mitigating factor, as every decision affects the bottom line.
280E for NYC Dispensaries: What You Can Deduct and What Will Get You Flagged
New York state’s decoupling from IRC 280E is good news for New York dispensaries, as it provides significant tax relief at the state level. Federally, 280E still applies, prohibiting all cannabis businesses from deducting normal business expenses, including payroll, office equipment, marketing, lease payments, and more.
ASC 740 for Cannabis Operators: What You Need to Know About Income Tax Accounting (and How to Avoid Costly Surprises)
Cannabis tax accounting is a complicated business; there’s no question about it. Part and parcel of this undertaking is adherence to ASC 740, which ensures that companies report their taxes accurately and in accordance with the relevant standards.
Pass-Through Entities in the Cannabis Industry: Structure Smart, Stay Compliant, and Save on Taxes
Structuring a cannabis business as a pass-through entity is—at least on the surface—an excellent way to reduce the tax burden for cannabis businesses. When a company is structured this way, it is not subject to federal income tax as the tax burden is passed on to the owners, who report the income on their personal returns and pay the applicable taxes, avoiding double taxation.
The Benefits of Fractional Bookkeeping Services for Cannabis Companies
Despite all signs that point to a booming cannabis industry, operators are constantly challenged to stay profitable in this highly regulated environment. Margins are tight, and meticulous accounting and tax planning are essential to ensure compliance, maximize deductions, and minimize the tax burden.
What a Sample Cost Segregation Report Looks Like—and Why It Could Save Your Cannabis Business Thousands
Cannabis businesses are constantly challenged by federal and state tax laws that limit business deductions and over-inflate taxable revenue. Cost segregation is a tax-planning strategy that enables any cannabis business that has purchased new real property or has expanded or remodeled existing real estate to reduce taxes, increase cash flow, and accelerate depreciation, effectively deferring federal and state taxes payable.
High-Level Guidance: How Cannabis Business Coaching Can Elevate Your Operation and Your Profits
If you are thinking about launching a cannabis business—or looking for ways to improve your current operations—cannabis business coaching can help you in many ways. Coaching delivers niche expertise and insight into what makes a cannabusiness profitable, helping you develop the mindset and best practices you need to succeed.
Dispensary Bookkeeping Done Right: Stay Compliant, Maximize Deductions, and Know Your Numbers
The cannabis business may be booming, but profits are always tight—thanks in no small part to the rigors of IRC 280E. Despite cannabis’s legal status in almost every state, it is still classified as an illegal substance, meaning that cannabis companies can’t deduct “normal” business expenses, like payroll, security, and marketing—virtually any expense that can’t be attributed to cost of goods sold (COGS).
Tax Accounting for Cannabis Businesses: Navigate 280E, Maximize Deductions, and Stay Audit-Ready
The cannabis industry is booming, but success does not happen without considerable sacrifice. Proper tax accounting practices are essential to ensure you maximize allowable deductions under IRC 280E and have audit-ready books.
280E vs. Your Bottom Line: How to Minimize the Damage Legally
Every cannabis operator knows only too intimately the woes of IRC 280E. This tax rule prohibits legitimate cannabis businesses from deducting normal and customary business expenses like rent, utilities, payroll, marketing, and office equipment, or any business expense, unless it can be attributed to the cost of goods sold (COGS).
Bookkeeping Mistakes That Cost NJ Dispensaries Thousands
Cannabis operators in New Jersey are enjoying rapid growth at the moment. But when business is good, it’s easy to let day-to-day processes, like bookkeeping, get pushed to the back burner. And that would be a massive mistake.
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.
A Local Guide to Southern California Cannabis Taxes: What LA, San Diego, and Riverside Dispensaries Need to Know
Cannabis dispensaries in Southern California have unique tax concerns. In addition to federal taxes and the onerous burdens of IRC 280E, they must maintain separate accounting for state taxes to maximize deductions, while adhering to local cannabis tax legislation that varies significantly from jurisdiction to jurisdiction. Today, we’ll discuss California cannabis taxes, with a particular focus on Los Angeles, San Diego, and Riverside dispensaries, and how local retail taxes can impact their accounting.
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.
Navigating New Mexico’s Cannabis Tax Landscape: A Dispensary Owner’s Guide
The Cannabis Excise Tax and GRT can be a compliance headache for dispensaries in New Mexico—but avoiding penalties and protecting your profits starts with staying ahead of the rules. We broke down the must-know facts and links in our new article.