We hosted our monthly cannabis industry update covering headlines and trends that cannabis business operators need to know about. If you need help with your cannabis accounting, cannabis taxes or financial performance, then please reach out to us at https://greengrowthcpas.com/get-started/ or call 800-674-9050. Below are some helpful spots to jump to in the video. Licensing […]

Recently the IRS released guidance for cannabis businesses about IRC 280E, IRC 471 including 471c. We wrote a quick blog post about it which you can read here. In this video, we breakdown why this new IRS website did not give the go-ahead for a new tax loophole for the cannabis industry. If you need […]

Last week, on Friday, September 18th, California Governor Gavin Newsom signed Assembly Bill 1872 which put STATE cannabis business taxes into a holding pattern. The cannabis cultivation tax and cannabis excise tax will not increase through 2021 which is great for cannabis operators. It helps bring a bit more predictability to California cannabis taxes. Note […]

With many states around the country having legal cannabis or soon-to-be legal cannabis, interstate commerce of cannabis products is a hot topic. Learn about how this could impact the cannabis industry, especially cannabis cultivation businesses. If you have any questions or need help with tuning the financial performance of your cannabis business, then please reach […]

You’ve likely heard about and seen the pictures and videos documenting the destructive wildfires on the west coast. It may seem easy to dismiss these as “California problems” or west coast issues, but that may not be the best outlook. If you need help with preparing your cannabis business for the impact of fires or […]

Whether you’re trying to beef up your balance sheet or sell your cannabis business license, you need to put a thoughtful valuation together. Valuations follow certain frameworks, but cannabis license values can be relatively subjective because there are not a ton of comparables, especially in younger markets. If you need help with developing a valuation […]

Special guest, California State Treasurer, Fiona Ma joined us to share more about her work in politics to help the cannabis industry and take some questions from the audience. If you need help with cannabis banking, accounting, or licensing for your cannabis business, then please reach out to our team to schedule a call. News/Trends […]

Special Purpose Acquisition Companies (SPAC’s) aka blank check companies are a topic that gets very little attention but is worth learning about. Now, you may have never heard of this investment vehicle, but they are making an impact on the finance sector of the cannabis industry.  Heard of MJ Freeway?  They were acquired by a […]

Cannabis inventory management is critical to the financial success of your cannabis business for a variety of reasons. From buying proper levels in time for sale or production, all the way to selling your business, having proper inventory control and management will impact your financial results. If you need help with your cannabis business accounting […]

Structuring your cannabis business and selecting the right entity types can be critical to the success of your company.  It can also determine HOW you can get paid by your company. You need to consider details such as risk mitigation, cash flow, deal economics, and of course, taxes. Beyond startups, this is important to current […]