skip to main content
X
BACK OK
Arrow Left
Arrow Right

INDUSTRIES

TRANSACTION SERVICES

CANNABIS

Our dedicated team of seasoned professionals will help you navigate the ins and outs of a dynamic, evolving industry.

CONTACT US FIND A LOCATION

How to Set Up a Cannabis Business for the Greatest Benefits

As of 2022, using marijuana for either recreational or medicinal purposes is legal in 39 states, and it has grown into a $61 billion business. But marijuana is still considered a Schedule 1 controlled substance by the federal government, and even legal states have several legal hoops to jump through to get into the industry.

Perhaps the biggest hurdle is a portion of the Internal Revenue Code (IRC) which dictates how businesses can deduct expenses. But a cannabis business, structured properly, can maximize its tax savings. That requires, however, some knowledge of the applicable IRS rules.

Learn More
CAPABILITIES

OVERVIEW AND EXPERIENCE

Cannabis Industry Transaction Services

  • Mergers and acquisitions
  • Financial and operational due diligence
  • Financial fraud examinations and investigations
  • Business insurance claims measurement and consulting
  • Post-merger integration
  • Quality of earnings assessments

OUR PROFESSIONALS

COREY MASSELLA

Partner, UHY LLP
Managing Director, UHY Advisors
New York, New York

COREY MASSELLA

Partner, UHY LLP
Managing Director, UHY Advisors

Learn More

BRADLEY CUMMINGS

Partner, UHY LLP
Managing Director, UHY Advisors
Catskill, New York

BRADLEY CUMMINGS

Partner, UHY LLP
Managing Director, UHY Advisors

Learn More

MATTHEW VANDERBECK

Partner, UHY LLP
Managing Director, UHY Advisors
Hudson, New York

MATTHEW VANDERBECK

Partner, UHY LLP
Managing Director, UHY Advisors

Learn More

DANIEL ENSOR

Principal, UHY LLP
Salisbury, Maryland

DANIEL ENSOR

Principal, UHY LLP

Learn More

ROBERT LICKWAR

Partner, UHY LLP
Managing Director, UHY Advisors
Farmington, Connecticut

ROBERT LICKWAR

Partner, UHY LLP
Managing Director, UHY Advisors

Learn More

MARC LICHTMAN

Director of SEC and PCAOB Matters, UHY LLP
Farmington Hills, Michigan

MARC LICHTMAN

Director of SEC and PCAOB Matters, UHY LLP

Learn More

ALI BAYDOUN

Principal, UHY Advisors
Farmington Hills, Michigan

ALI BAYDOUN

Principal, UHY Advisors

Learn More

TODD TIGGES

Partner, UHY LLP
Managing Director, UHY Advisors
Farmington Hills, Michigan

TODD TIGGES

Partner, UHY LLP
Managing Director, UHY Advisors

Learn More

LUCY LIU

Principal, UHY LLP
Orange County, California

LUCY LIU

Principal, UHY LLP

Learn More
loadMore see all

CANNABIS INSIGHTS

News
News
News

Michigan Cannabis Licensees Urged to Verify Accela Authorized Contacts to Avoid Fees

Read More
News
News
News

Michigan Cannabis Supply and Demand Fluctuation Creates Potential Issue

Read More
News
News
News

Michigan Cannabis Regulatory Association Leadership Vacancy Temporarily Filled

Read More
go to insights
Hide Firm Disclaimer

©2022 UHY LLP. ALL RIGHTS RESERVED.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc., and its subsidiary entities. UHY Advisors, Inc.’s subsidiaries, including UHY Consulting, Inc., provide tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors” and “UHY Consulting”. UHY Advisors, Inc., and its subsidiary entities are not licensed CPA firms. UHY LLP, UHY Advisors, Inc. and UHY Consulting are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP, UHY Advisors and/or UHY Consulting (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

On this website, (i) the term "our firm", "we" and terms of similar import, denote the alternative practice structure conducted by UHY LLP and UHY Advisors, Inc. and its subsidiary entities, and (ii) the term "UHYI" denotes the UHY international network, in each case as more fully described in the preceding paragraph.

Show Firm Disclaimer

Site Designed and Developed by Multimedia Solutions