Tag: taxes
Delinquent Payments Topped $3.8 Billion in 2023
PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research...
The Snowball Effect of Unpaid Bills
“The check is in the mail” appears to be the new mantra of the United States cannabis industry. While delinquent payments sadly have been...
4 Things You Can Do to Move Your Business Forward Right Now
We’re about a year into what is undoubtedly the most challenging stretch the cannabis industry has faced since the legalization movement began.
The initial hype...
Are Delayed Tax Payments a Viable Capital Allocation Strategy?
Notorious Mafia kingpin Al Capone never filed a federal income tax return, claiming he had no taxable income. Before he was convicted of tax...
Economic Analysis Indicates Cannabis Industry Paid $1.8 Billion in Excess Taxes in 2022
PORTLAND, Ore. , May 8, 2023 /PRNewswire/ --
Cannabis research firm, Whitney Economics, conducted an impact analysis of federal taxes on the cannabis industry. In...
What You Should Know About the Bank Secrecy Act
The Bank Secrecy Act (BSA) of 1970, also known as the Currency and Foreign Transactions Reporting Act, requires banks and other financial institutions to...
The Industry Wagons are Loaded Up and Moving East
The West Coast always will be known as the birthplace of the modern cannabis industry, but the past decade has proved being a first...
6 Under-the-Radar Legal Traps You Need to Know About
Cannabis businesses face a wide variety of hurdles in getting established and starting operations, many of which can be difficult to navigate without the...
Is There a Solution to the Cash Crunch?
While the past few years have been no picnic for companies struggling to turn a profit, it looks like 2023 could be the most...
7 Best Practices for Audit Preparation in the Cannabis Industry
It's the time of the year when businesses of every industry prepare for tax season. For the cannabis industry, seasoned plant-touching business owners and...
