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How CJBS Helps Windy City Cannabis Make Quick and Experience-Driven Decisions 

In the early days of Illinois medical cannabis legalization, licensed cannabis retailer Windy City Cannabis needed assistance in setting up their business for success during the growth of the medical market, and eventually, the launch of the state’s adult-use market.  Windy City’s former parent company–while growing rapidly–didn’t have a dedicated in-house finance department, so they […]
January 24, 2024
2 MIN READ
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Stories of Stolen Identities and Doing Nothing Wrong | Scams and Frauds Series by Larry Goldsmith – Part Two

As the holiday season is approaching, we wanted to share a NEW Info-Series with you highlighting some of the scams and frauds that are running rampant in today’s day and age. We hope this series, written by Larry G. Goldsmith, will help raise your awareness to these scammers’ newest tactics and provide you with tips […]
December 5, 2023
4 MIN READ
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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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