Operating in the Cannabis Industry is like no other industry. It requires strong organization, solid accounting, and a firm grasp of cannabis compliance. Hundreds of businesses go out of business each year because they don’t have solid accounting or compliance practices.
Cannabis is one of the most regulated industries in the United States, and the annual cost of compliance to operate a cannabis business is estimated to be $200,000. Unfortunately, many cannabis businesses don't understand how to implement the compliance measures effectively in their business, and lose money and time to fix their non-compliance.
Cannabis businesses pay more taxes than other businesses. This includes a high federal tax and local and state cannabis taxes. Many accountants are unaware of the tax complexities and are not advising cannabis businesses correctly.
Thanks for dropping by CBM! If you're new to cannabis and hemp or looking to brush up on your accounting and compliance skills you are in the right place. I've been working in Cannabis since 2015, have written a book on IRC 280e, helped entrepreneurs raise capital and improved operations for hundreds of business owners. I've created this online training to help you access the knowledge to build a profitable cannabis business.