Cannabis

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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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Cannabis Fraud Prevention: Internal Controls Businesses Should Never Operate Without 

The cannabis industry is especially susceptible to fraud, not only because of the stigma the industry still faces, but also because state-legal businesses are still so new and are growing quickly.   Yet when fraud hits your business, it can be devastating to your finances as well as your reputation.  Fortunately, there are steps you can […]
May 31, 2023
1 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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Your Cannabis Business Tax Planning Checklist

As the cannabis industry continues to grow, so does the need for proper tax planning. With constantly changing regulations and laws, it can be challenging for cannabis companies to stay up-to-date on their tax obligations. To ensure your cannabis company is maximizing their tax benefits while minimizing your liabilities, here is a comprehensive tax planning […]
March 8, 2023
3 MIN READ
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How Cannabis Businesses Can Navigate Tax Season

Navigating tax season in a federally illegal industry can be complicated. The CJBS Cannabis Practice Team is here to help. In this 20-minute webinar recorded in February 2023, CJBS Senior Partner Matt Bergman, CPA and LKP Impact Consulting Principal Laurie Parfitt discuss what cannabis businesses need to know as they structure their business and prepare […]
February 27, 2023
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Matt Bergman and Ryan Guedel: Cannabis CPAs Who Care

CJBS’ Cannabis practice isn’t simply an add-on service to our accounting firm. We are deeply committed to helping cannabis business owners succeed in this emerging, challenging, and quickly evolving industry. Our team is immersed in this space, not only in Illinois’ medical and adult-use markets, but throughout the country. We’re constantly networking with industry leaders, […]
February 8, 2023
4 MIN READ
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