6 Priorities for Your Cannabis Business

by Brian S. Whalen, CPA January 20, 2019 § 280E, Accounting, Cannabis Business, Compliance, Cost Accounting, Internal Controls, IRS, Tax

  Get Your Priorities in Order The cannabis industry is the fastest growing, most rapidly changing, overly complex industry in

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Is Your Cannabis Management Company a Ticking Time-Bomb?

by Brian S. Whalen, CPA December 27, 2018 § 280E, Cannabis, IRS, Legal, Tax

  Do you have a cannabis “management” company which is doing either of these things: Making transactions for the benefit

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Are Your Cannabis “Write-offs” Right? A Quick Check

by Brian S. Whalen, CPA December 13, 2018 § 280E, Accounting, Cannabis, COGs, Cost Accounting, Deductions, Tax

The title is a trick question. There are no  “write-offs” in Cannabis, only COGS.  You may reduce your gross receipts

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Does 280E Apply to CBD?

Does §280E apply to CBD?

by Brian S. Whalen, CPA October 11, 2018 § 280E, Accounting, Cannabis, CBD, Tax

Question: Does §280E apply to CBD? Answer: CBD is subject to §280E because the DEA says its Schedule I (most

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