Cannabis
Specialized Cannabis Services
Cannabis accounting has distinct challenges over conventional businesses. In addition to our standard service suite, we are prepared to support your unique industry needs regarding:
- Business formation and entity structuring
- State and local taxes and incentives
- Excise taxes
- IRC 280E analysis
- Assistance with state licensing requirements
Related Insights
07/08/24
News from earlier this year that the Biden administration was poised to move forward with a Department of Health and Human Services recommendation…
05/01/24
The Biden administration appears poised to move forward with a recommendation from The Department of Health and Human Services (DHHS) to reclassify cannabis…
10/12/23
Recreational adult-use cannabis is legal in 23 states and D.C., and medicinal use has been permitted in 38 states.
10/03/23
From the moment that Maryland’s voters approved the adult-use of marijuana in convincing fashion, attention turned to Annapolis, where state lawmakers were tasked…
07/20/23
The Michigan cannabis industry has had its share of struggles recently, as oversupply wreaked havoc on profit margins, causing insolvency and forcing many…
04/20/23
When recreational adult-use was authorized in Michigan in 2019, purveyors of cannabis and investors alike raced to seize the budding opportunity to enter…
01/24/23
Retirement service providers want to offer 401(k) plans to the cannabis industry, but their hands are tied.
11/03/22
The Michigan Cannabis Regulatory Association has issued a bulletin announcing that it will begin releasing information on the new annual financial statement requirements…
01/17/24
In December 2023, we published an article on the Department of Health and Human Services (DHHS) recommendation to the Drug Enforcement Administration to…
02/10/23
The Connecticut Department of Revenue Services has hired five cannabis auditors as the state prepares to address cannabis taxation for the first year…
02/06/23
One of the greatest challenges for states post-recreational cannabis legalization is striking a balance between taxation of these businesses and creating an inhospitable…
05/31/23
In late April 2023, shortly after the opening of the first cannabis dispensary in the Capital Region, the Albany Business Review hosted a…
01/19/22
Connecticut will open its cannabis retail license application period on February 3, but entrepreneurs in the state are struggling with uncertainty ahead of…
02/25/22
Michigan is the third largest cannabis employer in the country according to a new report from Leafly.
01/06/22
The Michigan Marijuana Regulatory Agency (MRA) recently issued a bulletin to announce the annual financial statement (AFS) requirements for medical facilities and adult-use…
01/27/22
The Michigan Marijuana Regulatory Agency (MRA) recently issued a statement regarding the Proof of Financial Responsibility Insurance Requirements for Medical Applicants and Licenses…
02/09/22
Despite an ever-increasing number of states moving to legalize recreational cannabis, the rules surrounding these business entities are often in question as states…
02/09/22
Partner Matt VanDerbeck joined the Rensselaer Chamber webinar “Cannabis: An Economic Buzz” on the opportunities presented by the cannabis industry and how to…
03/31/22
As more and more states legalize cannabis for medical and recreational use, more and more entrepreneurs are looking to enter the market, but…
01/02/23
The cannabis industry’s boom is showing no signs of slowing down.
08/11/22
As of 2022, using marijuana for either recreational or medicinal purposes is legal in 39 states, and it has grown into a $61…
09/21/22
Governor Whitmer appointed Brian Hanna as the acting executive director of the Cannabis Regulatory Association (CRA), effective September 19, 2022.
10/21/22
The Cannabis Regulatory Agency (CRA) is seeking input on how to solve a potential surplus after the price of “flower” dropped 44% in…
Contact Us
