Cannabis

Blog
CJBS
The Missouri cannabis market has experienced significant growth since the legalization of medical cannabis in 2018 and the launch of adult-use cannabis in early 2023.  In 2023, Missouri’s legal cannabis market size was estimated at $1.44 billion, according to Grand View Research, and “is expected to grow at a compound annual growth rate (CAGR) of […]
October 17, 2024
3 MIN READ
Blog
CJBS
If you’re looking to stay ahead in the fast-growing cannabis industry, these must-attend events in 2024 offer invaluable opportunities to network with industry leaders, gain insights, and keep up with the latest trends shaping the market. In this new, complex, rapidly growing, and still federally illegal industry–in-person connections with industry peers are essential for plant-touching […]
October 2, 2024
3 MIN READ
Industries
CJBS
Data security is important from the very beginnings of your cannabis business.  That’s because: – Cyberattacks are rampant in the industry  – Operators must stack multiple third-party integrations, making them vulnerable – They have to be compliant with regulations to protect customer information (such as HIPAA) and  – Cannabis businesses are criticized more often for […]
March 13, 2024
1 MIN READ
Blog
CJBS
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
Blog
CJBS
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
Blog
CJBS
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