Archive for Maj 29th, 2023

Inventory accounting for cannabis businesses: Sec 280E and the impact of tax reform

For the sake of simplicity, let’s assume a farm grows Cannabis that they turn into flower and then sell to dispensaries or processors. Internal controls (rules, processes, and SOPs) minimize risk by reducing the mishandling or theft of product or cash as well as support any audit that your company will go through. They are [...]

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