State legal cannabis business are already complicated with current state and local laws in addition to the Federal laws. However, the need for banking is something that continues to plague and severely hurt the commerce of a state legal cannabis business. We feel that the...
The IRS has released the depreciation deduction amounts which are pursuant to Internal Revenue Code (IRC) Section 280F. This code section discusses the depreciation deduction limits for passenger automobiles (including trucks and vans) first placed in service during 2019. For passenger autos acquired before 9/28/17...
California cannabis tax procedures are a little more complex than many of the other states that have legalized cannabis recently. California has designated four categories for people wishing to seek licenses or participate within the marijuana industry. The four categories are: a cultivator, a manufacturer,...