29 min
In The Weeds- The Cannabis Industry...What's It All About? C-Suite Snacks
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- Business
When in your lifetime have you witnessed the birth of an industry? As this industry transitions from illegality into a state-legal/federally illegal business, it faces business challenges like no other. Between difficulties in obtaining basic banking services, being taxed on gross margin rather than net income, and complex state and local regulatory environments, business owners and entrepreneurs face enormous hurdles.
In this episode, Partner and Cannabis Advisory Services Practice Co-Leader Mitzi Keating discusses the business challenges in the cannabis industry.
Key takeaways include:
- Overview and business challenges faces
- Taxation of the industry
- Cash flow and fraud risks
C-Suite Snacks brought to you by Citrin Cooperman.
Learn more Citrin Cooperman at www.citrincooperman.com/
“Citrin Cooperman” is the brand under which Citrin Cooperman & Company, LLP, a licensed independent CPA firm, and Citrin Cooperman Advisors LLC serve clients’ business needs. The two firms operate as separate legal entities in an alternative practice structure. Citrin Cooperman is an independent member of Moore North America, which is itself a regional member of Moore Global Network Limited (MGNL).
When in your lifetime have you witnessed the birth of an industry? As this industry transitions from illegality into a state-legal/federally illegal business, it faces business challenges like no other. Between difficulties in obtaining basic banking services, being taxed on gross margin rather than net income, and complex state and local regulatory environments, business owners and entrepreneurs face enormous hurdles.
In this episode, Partner and Cannabis Advisory Services Practice Co-Leader Mitzi Keating discusses the business challenges in the cannabis industry.
Key takeaways include:
- Overview and business challenges faces
- Taxation of the industry
- Cash flow and fraud risks
C-Suite Snacks brought to you by Citrin Cooperman.
Learn more Citrin Cooperman at www.citrincooperman.com/
“Citrin Cooperman” is the brand under which Citrin Cooperman & Company, LLP, a licensed independent CPA firm, and Citrin Cooperman Advisors LLC serve clients’ business needs. The two firms operate as separate legal entities in an alternative practice structure. Citrin Cooperman is an independent member of Moore North America, which is itself a regional member of Moore Global Network Limited (MGNL).
29 min