In this episode, Jim will explain how many cannabis operators are likely underpaying their local business taxes, and potentially overpaying other taxes. To get an audit done for your cannabis company, please visit: https://greengrowthcpas.com/get-started or call 800-674-9050

Cannabis distributors play a big role in the collection and remittance of cannabis taxes in the state of California. These responsibilities are on top of the licensing fees and restrictions around hours of operation. In this episode, Jim reviews how a distributor collects and pays taxes in California.

With the legalization of cannabis, licensed cannabis operators are now seeing that the focus is clearly shifting towards financial compliance. And if you want to be a successful cannabis company, you must have a competent Chief Financial Officer (internal or outsourced) who can help your company navigate the treacherous waters of financial regulations. In this […]

In this episode, Jim helps you understand the tax implications between “spinning the wheel” and Buy-One-Get-One (BOGO) deals. Knowing the difference is critical to making sure you don’t rack up any unexpected taxes come year-end. If you need help with structuring your cannabis industry joint venture deal, then please reach out to us today at: […]

As you well know, it’s incredibly difficult to establish yourself and grow in the extremely competitive cannabis market. A joint venture might be the best way to gain a foothold in a new municipality, reach a new customer base, or add a new product line to your existing inventory. In this presentation, Jim discusses: Why […]

Here is a snippet from the Cannabis Legalization News Podcast with Thomas Howard and Miggy, where Jim discusses his thoughts on how the CBD industry might play out, how cannabis businesses can financially protect themselves and many other topics related to the cannabis industry. You can reach Thomas at https://www.cannabisindustrylawyer.com/ If you need help with […]

Pro Formas are powerful a tool that can be used to demonstrate how much money your business needs to start up and operate until it is able to generate profits. They are incredibly helpful in understanding how your business inputs translate into financial performance and adds detailed context to your fundraising pitches. In this webinar, […]

Financial analysis is trying to find the story behind the numbers which can be difficult to the untrained eye, and that is why we suggest outsourcing this to someone who specializes in it so you can really focus on execution in the 4 walls of your business. In this video, Jim will cover tips on […]

As you know, cannabis operators have to pay many different types of taxes. From sales tax to excise tax, the system is quite complex; and once your cannabis company starts to thrive, the tax system becomes even more complicated. In this video, Jim will walk you through: How sales volume affects tax payment frequency What […]

Tax code 280E places a huge tax burden on cannabis businesses, and in this talk, Jim will walk you through how to reduce your cannabis taxes. He will discuss how to reallocate indirect costs into CoGS and detail the process of how to qualify for this strategy. If you’re interested in outsourcing your CFO duties […]