Green Growth CPA is the premier CPA firm that helps individuals and companies working in the Cannabi
10/12/2020
Tax extensions for single-member LLCs, C-Corps and Personal Income taxes are due this Thursday, October 15th.
Contact us today for help!
Cannabis Business Taxes Due October 15th (IRC 280E + Cannabis Tax Filings) Cannabis business taxes for single-member LLCs, C-Corps and Personal Income taxes are due this Thursday, October 15th. Have questions about IRC 280e or need ...
10/09/2020
In this episode of our cannabis business podcast, we interview Andrew Orange, the Founder of Happy Cannabis Farms in Oklahoma.
His story is unique because he went from being a CNC machinist to full-time cannabis solopreneur.
Cannabis Business Podcast with Andrew Orange from Happy Cannabis Farms (Oklahoma Cannabis) In this episode of our cannabis business podcast, we interview Andrew Orange, the Founder of Happy Cannabis Farms in Oklahoma. We cover topics ranging from w...
10/01/2020
You've probably seen some discussion about Trump's taxes.
In our Monday team meeting, we thought it best to talk a bit about the article, as well as cover cannabis accounting and tax planning tips for cannabis businesses.
In this video, Natalie & Jim discuss some findings in the Trump tax article and give some thoughts on how you can reduce your cannabis business taxes.
Trump Taxes: Lessons to Reduce Cannabis Business Taxes Seeing some discussion about Trump Taxes, it brings up the thought about cannabis business taxes, proper cannabis accounting, and how to reduce cannabis busi...
Cannabis banking is a topic that is on the mind of every cannabis business operator.
We sat with Mel Barnes, the SVP and Chief Operations Officer at
OSB - Oklahoma State Bank to discuss their new cannabis bank accounts and cannabis financial services.
09/14/2020
On September 11, the IRS released a set of documents that could be helpful for cannabis business owners regarding 280E, Form 8300, and more!
IRS Guidance on Cannabis Businesses The IRS released new guidance on many financial aspects of ma*****na-related businesses including 280E, cash tax payments, and recordkeeping.
09/08/2020
You wouldn’t go to a personal injury attorney for help with a patent infringement case, so why in the world would you go with an oil/gas CPA to work on your cannabis-industry taxes?
Cannabis CPA vs Local General CPA Finding the right cannabis CPA will help you unlock many cannabis tax benefits.
08/27/2020
Yesterday, Jim & Derek were able to interview Fiona Ma, the California State Treasurer.
We got to learn a bit more about her career, how she has helped legitimize the cannabis industry in the eyes of other politicians, and even took some questions from the audience.
Interview with Fiona Ma About the Cannabis Industry Special guest, California State Treasurer, Fiona Ma joined us to share more about her work in politics to help the cannabis industry and take some questions ...
08/25/2020
In 2018, San Rafael voters endorsed Measure G, a city-sponsored plan to set new and higher taxes for the fledgling legal ma*****na market.
The [cannabis] tax raised only $243,554 in its first calendar year.
That was almost two years ago.
Across the board, San Rafael’s five city-permitted delivery businesses did $3.5 million in business between April 1 and June 30 — a 175% increase over figures from the same months last year.
Editorial: Pot tax revenues can bring pandemic relief In 2018, San Rafael voters endorsed Measure G, a city-sponsored plan to set new and higher taxes for the fledgling legal ma*****na market. It was a step in the city’s “toe in the water” approach to…
08/20/2020
https://youtu.be/vaGQK3AgFfU?t=84
Special Purpose Acquisition Companies (S**C's) aka blank check companies are a topic that gets very little attention but is worth learning about.
Now, you may have never heard of this investment vehicle, but they are making an impact on the finance sector of the cannabis industry.
Heard of MJ Freeway? They were acquired by a S**C in mid-2019.
S**Cs IPO Explained (Special Purpose Acquisition Company) Special Purpose Acquisition Companies (S**C) aka Blank Check companies are a topic that gets very little attention. Now, you may have never heard of this typ...
08/17/2020
https://event.webinarjam.com/register/18/84l1kik
Next week for our Monthly Cannabis Industry Update we will be hosting a special guest, Fiona Ma, the California State Treasurer.
She has been one of the most open-minded politicians in regards to the regulated cannabis market and has worked to find balanced ways that she and her team can help the industry.
Register now & submit a question for Fiona to answer. It could be about banking, taxes, or anything else you want her thoughts on!
Monthly Cannabis Industry Update Derek and Jim will discuss the top trends, news and questions about the cannabis industry.
08/10/2020
https://event.webinarjam.com/register/17/o82kmc4
Webinar This Wednesday - Inventory management is critical to the financial success of your cannabis business for a variety of reasons.
From buying proper levels in time for sale or production, all the way to selling your business, having proper inventory control and management will impact your results.
In this presentation, we will cover:
+ Inventory Management Procedures
+ Software Considerations
+ Misc. Best Practices from the Field
[https://event.webinarjam.com/register/17/o82kmc4] Click here to Register Now and submit your question!
Inventory Management For Cannabis Businesses Learn what cannabis retailers need to know about inventory management.
08/06/2020
Structuring your cannabis business and selecting the right entity types can be critical to the success of your company. It can also determine HOW you can get paid by your company.
You need to consider details such as risk mitigation, cash flow, deal economics, and of course, taxes.
Beyond startups, this is important to current operators because, at some point, you may expand your operation or sell parts of your business, ultimately impacting the overall structure.
Cannabis Business Structure (Entity Types) & Taking Money Out of Your Company Cannabis business structure and entity selection are critical to the success of a cannabis company. You need to consider details such as risk mitigation, cas...