Financial Operations Insights, Guides, and Tools
Surviving the Squeeze: What Oklahoma Dispensaries Can Do About Price Compression
Oklahoma’s cannabis industry is in a crunch. With one of the most open licensing systems in the country, the state saw a flood of dispensaries open in record time. But now, many operators are facing a harsh reality: prices are plummeting, margins are razor-thin, and competition is more intense than ever. Here are five strategies Oklahoma dispensaries can implement today to survive price compression—and even thrive in it.
Top 5 Financial Mistakes NY Dispensaries Make (and How to Fix Them)
Running a NY dispensary? Don’t let these 5 common financial mistakes kill your profits or trigger an audit. From 280E missteps to messy inventory, we break it all down—and show you how to fix it.
Unlocking Potential with 280E Assets for Cannabis Business Exits
While cannabis companies may be restricted in many ways, leveraging certain assets can help to recover costs and potentially reduce tax liability.
ESOP for Cannabis: A Hot Exit Strategy with Misleading Tax Claims
A few of my clients have mentioned receiving emails about Employee Stock Ownership Plans (ESOPs) for cannabis companies, touting it as a strategy to pay no federal or state taxes. This statement is hugely misleading as you can’t avoid tax—it can only be deferred, meaning you’ll have to pay eventually. That being said, ESOP is an excellent exit strategy… with a few caveats.
Cannabis Rescheduling: What Happens Next with 280E?
Will they, or won’t they? We’re all waiting on pins and needles to find out whether the DEA will agree to reschedule cannabis to Schedule III from where it currently resides at Schedule I.
What Cannabis Companies Need to Know About 280E
In the rapidly evolving world of cannabis, businesses face unique challenges, especially when it comes to taxation. One of the most significant hurdles is navigating Section 280E of the Internal Revenue Code.