We get a number of inquiries from accountants and cannabis CEOs alike who are unsure and unaware of how to navigate their accounting challenges.
This webinar covers 280E and 471 in depth and we answered several questions on how it dictates what cannabis companies (or any company that sells... what are classified as drugs), can and cannot deduct as expenses. While many are aware of 280E few are familiar with cannabis COGS and the various rules for different entities. In terms of COGS, we preview some of the tools that we use to determine the cost of growing different strands over time for our clients.
Catch the webinar as soon as you can if you’re thinking about providing accounting services to cannabis businesses and would like to utilize our World Class Accounting System and community. If you still have questions or would like a free one-on-one consultation with Andrew or Naomi, you can schedule a call.