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Is Your Cannabis Tax Credit Worth a Higher Likelihood of Being Audited? 

Taking credits can raise flags with the IRS–and audits can be time-consuming and costly. Here’s what to consider before opting to save a little extra at tax time.  Should you take a tax credit if it means your cannabis business will have a greater chance of being audited?  “It depends,” says CJBS Partner Ryan Guedel, […]
November 28, 2023
3 MIN READ
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16 Tax Tips for Cannabis Operators in 2023

A comprehensive round-up of tax pointers for plant-touching businesses in the cannabis industry from CJBS Senior Partner Matt Bergman, CPA.  Cannabis’s federal illegality and stringent regulations for state-legal businesses make taxation in the cannabis industry difficult to navigate–and that’s an understatement.  CJBS Senior Partner Matt Bergman, CPA, knows these complexities well, having operated in the […]
September 11, 2023
8 MIN READ
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How Cannabis Operators Can Improve Their Data Security

Internal controls are procedural safeguards put in place to protect access to financial information and transactions.  Setting up internal controls is critical for any business to prevent fraud, but it is even more important for cannabis operators–as the industry is especially susceptible to fraud.  We discuss internal controls in detail in this webinar with Partner […]
August 14, 2023
3 MIN READ
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Adult-Use Cannabis Is Now Legal in Minnesota: Here Are Some Business and Financial Tips for Hopeful Operators 

On May 30, Minnesota joined 22 other U.S. states in legalizing adult-use cannabis.  Building off of a strict medical cannabis program with only two operators and 15 dispensaries, hopeful cannabis business owners will have the opportunity to enter an uncapped license market to provide adult-use cannabis to adults aged 21 and older.  By 2027, annual […]
June 14, 2023
4 MIN READ
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Proper Internal Controls Are Key to Preventing Cannabis Industry Fraud

Here, we outline ways your cannabis business can safeguard against internal and external fraud attempts.  Cannabis is still a nascent industry—yet cannabis businesses throughout the United States have already seen their fair share of fraud. You may have heard the stories of internal theft, duped investors, cyberattacks, or inflated THC percentages on lab tests—the list […]
April 4, 2023
2 MIN READ
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