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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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Hemp & Cannabis – A new Sheriff in Town?

by Brian S. Whalen, CPA December 21, 2018 § 280E, Cannabis, Cannabis Substances Act (CSA), CBD, DEA, FDA

With industrial hemp no longer scheduled under the Controlled Substances Act, or under the jurisdiction of the DEA as of

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Who’s in CONTROL of Your Cannabis Company?

by Brian S. Whalen, CPA December 17, 2018 Cannabis, COGs, Dispensary, Internal Controls

  Auditors may ask you for your internal controls procedures, and we don’t want that to be the first time

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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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