Blog
What is a SPAC, and Why am I Hearing About Them in Cannabis?
If you are an operator in the cannabis space, and particularly if you are raising money, chances are you have heard the term “SPAC” increasingly over the last year or so. While the term is not a new one, the rise in prevalence of the SPAC in cannabis may leave many...
Why Your Cannabis Business May Need to Pay Multi-state Sales Taxes
Cannabis taxes are a challenge across the industry. Everyone knows that 280(e) presents some big challenges for anyone operating in the cannabis space. But sales taxes are a huge expense for cannabis operators and need to be paid attention to closely for compliance....
Arizona Legalized Recreational Cannabis, so Why Get a Medical Card?
On November 3, 2020, Prop 207 passed in Arizona with overwhelming support. Prop 207 legalizes the sale of recreational cannabis statewide as of April 2021. This means that cannabis consumers will no longer need to acquire a medical marijuana card, as previously...
Year-End Tax Planning for Your Cannabis Business in a COVID World
Cannabis businesses had some big wins this year despite the environment created by the pandemic. But taxes are not getting any easier just yet. Like everything else in 2020, tax planning at the end of this year will include some challenges and unknowns. The political...
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