Susan Crum, CCBP on LinkedIn: A cannabis retailer’s FAQ about rescheduling (2024)

Cannabis Operators in California - Know your rights!This publication outlines the California Department of Tax and Fee Administration’s (CDTFA) Cannabis Inspection Program and provides a general overview of your rights as an operator of a cannabis business in California.https://lnkd.in/gdF8SB-y

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Are you in the cannabis industry? Learn how to prepare financially for a potential federal cannabis rescheduling. Stay ahead of the game and ensure your business is ready for any changes that may come.

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I’m happy to share my latest contribution to Bloomberg Tax in a new article discussing Ohio's quickly evolving cannabis landscape. Alongside our Co-Director Rachel Wright, CPA, MST and Advisor Simon Menkes, we explore the developments in policy and analyze what's next for the state’s emerging market.Like any new state market, there's going to be challenges in establishing a fair and effective framework for regulation, from licensing to tax rates to funds that advance the industry. Read the article below, where we shed light on the ongoing debate and the potential impacts as cannabis in Ohio progresses.#420CPA #cannabis

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In a bold move, Trulieve is challenging Section 280E with a staggering $143 million refund claim, opening a new chapter in cannabis tax. Meanwhile, a powerhouse legal team is questioning the #ControlledSubstancesAct and its role in state-legal industries in Massachusetts. 👍 While these cases may not offer immediate tax relief, they're crucial steps in redefining our financial landscape. Here, in our latest blog post, together with my co-managing partner, Abraham Finberg CPA MBA, we share a closer look at these pivotal moments and what they mean for cannabis. The journey is rocky, but it's one we're navigating together.Read on below!Feel free to reach out to us at info@420cpa.com, or contact Stephanie Jeffries in our #BizDev team & find out how 420CPA can help you navigate a knowledgeable tax position on 280E for your cannabis company.#420CPA #cannabis

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Navigating cannabis tax in California? What's unfolding is more than a shift in tax strategies. In our article below, our co-managing director Rachel Wright, CPA, MST joins me to take a critical look at the CDTFA’s role in California's cannabis landscape and critical recent developments. With the current approach, achieving balance is key for sustainable growth.Join AB FinWright LLP (420 CPA) as we explore the potential impact and how this could shape future policies as cannabis companies navigate the regulatory pressures. #420cpa #cannabis

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Number 23 for Adult Use is coming right up! Minnesota. The conference committee held several meetings and adopted a final conference committee report on May 16. The House passed the final bill on May 18 by a vote of 73-57 and passed by the Senate on May 20 by a vote of 34-32. The adult-use cannabis law establishes a seed-to-sale regulatory framework comprised of 15 different licenses, ranging from growing and manufacturing to various types of retail locations. The new law creates an Office of Cannabis Management that will issue each license and be responsible for oversight of the industry. The final agreement authorizes local governments to, by ordinance, limit the number of licensed cannabis retailers, mezzobusinesses, and micro businesses with a retail operations endorsem*nt to no fewer than one registration for every 12,500 residents. If a county has one active registration for every 12,500 residents, a city or town within the county is not obligated to register any additional cannabis businesses. The final tax rate agreed to by the House and Senate for the gross receipts tax to be applied to the products is 10%. The tax provides 80% of the revenues to be distributed to the general fund and the remaining 20% of the revenues collected to be allocated to a local government cannabis aid account. What are your thoughts on the framework outlined?

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Learn about our predictions for the evolving cannabis industry in 2024 by reading our latest blog! BGM’s market leaders share industry insights, market trends, and address legislative changes, and more. Prepare for 2024 and stay informed about the future of the cannabis market!#CannabisBusiness #2024Predictions #CannabisIndustry

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Learn about our predictions for the evolving cannabis industry in 2024 by reading our latest blog! BGM’s market leaders share industry insights, market trends, and address legislative changes, and more. Prepare for 2024 and stay informed about the future of the cannabis market!#CannabisBusiness #2024Predictions #CannabisIndustry

Learn about our predictions for the evolving cannabis industry in 2024 by reading our latest blog! BGM’s market leaders share industry insights, market trends, and address legislative changes, and more. Prepare for 2024 and stay informed about the future of the cannabis market!#CannabisBusiness #2024Predictions #CannabisIndustry

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Are you in the cannabis industry? Learn how to prepare financially for a potential federal cannabis rescheduling. Stay ahead of the game and ensure your business is ready for any changes that may come.