How to Compute California’s Cannabis Business, Excise, and Sales Taxes

As 2023 begins, the responsibility for paying California’s cannabis excise tax shifts from industry distributors to retailers. The tax rate, which will remain at 15 percent until mid-2025, when it is subject to change, is based on “gross receipts from…

Year-end planning: focus on budgets and tax for cannabis operators

November 22, 2022
Dave McManus
Accounting
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By Dave McManus As we approach the close of a turbulent year, cannabis operators have an opportunity to establish a strong finance and tax strategy heading into 2023. You can enter the year from a position of strength by focusing…

What data should Cannabis Operators use to drive decisions

August 24, 2022
Dave McManus
Accounting, Banking, Finance & Real Estate
0 Comments

Data and finance are increasingly linked, and cannabis dispensaries that are growing fast – or facing headwinds – should be on the lookout for information that helps them adapt. Gathering the right analytics has become top of mind for financial…

Easing the burden of cannabis state tax compliance

Keeping pace with state sales and excise tax requirements can be a significant burden for cannabis operators. The indirect nature of the tax – that it is collected at point of sale as part of a transaction and then must…

Entity structure considerations for MSOs

April 4, 2022
Dave McManus
Accounting, Multiple State Operators, Taxes
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Multi-state operators may need to weave a complex web when it comes to corporate structure. Operators entering new jurisdictions must consider many factors, the most significant being tax exposure, licensing restrictions, and potential exit scenarios as they determine which entity…

New states, new markets: financial modeling for MSOs

Becoming a multi-state operator (MSO) in the cannabis industry requires planning and adapting to regional nuances unlike almost any other business. Financial modeling is a crucial step to understanding what lies ahead, and operators have myriad state-specific factors to consider…

Multi-State Tax Considerations for Multi-State Operators

January 5, 2022
Dave McManus
Accounting, Multiple State Operators, Taxes
0 Comments

Cannabis legalization continues to gain momentum across the country, with several new states having legalized marijuana in 2021. As of this post, the number of states in which recreational marijuana is legal is 18, and 16 other states allow for…

Are you ready for an exit?

Consolidation is a defining aspect of the cannabis industry in its current stage. Mergers and acquisitions are mounting at a breakneck pace: Viridian’s Deal Tracker counts 265 North American transactions YTD in 2021, compared to 71 in the same period…

Key Risks and Challenges Facing Cannabis Businesses Serving the Growing U.S. Market

September 27, 2021
Lawrence Baye
Accounting
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By Lawrence Baye, CMC, CISA and Mark Bednarz, CPA, CFE, CISA Cannabis has been in the headlines again as voters in many parts of the country approved its availability for recreational use during the last election cycle. Attention has shifted…

How to Compute California’s Cannabis Business, Excise, and Sales Taxes

Year-end planning: focus on budgets and tax for cannabis operators

What data should Cannabis Operators use to drive decisions

Easing the burden of cannabis state tax compliance

Entity structure considerations for MSOs

New states, new markets: financial modeling for MSOs

Multi-State Tax Considerations for Multi-State Operators

Are you ready for an exit?

Key Risks and Challenges Facing Cannabis Businesses Serving the Growing U.S. Market

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