We get a number of inquiries from accountants and cannabis CEOs alike who are unsure and unaware of how to navigate their accounting challenges.
280E dictates what cannabis companies (or any company that sells… what are classified as drugs), can and cannot deduct as expenses. While many are aware of 280E few are familiar with cannabis COGS and the various rules for different entities.
In this webinar we touch on 280E and 471 and how these different tax codes affect dispensaries, grows, and extracts.
In terms of COGS, we preview some of the tools that we use to determine the cost of growing different strands over time for our clients.
Catch the replay HERE