Operating a cannabis distribution business can be a complicated process. Being successful in this industry requires a deep understanding of local, state, and federal laws. We offer accounting and tax services in order to help you set up, budget, and grow your canna-business in the most cost-effective way possible.
What can I include in COGS to reduce my cost base?
Cannabis distributors can claim deductions for transportation, utilities for designated inventory areas, and the wholesale purchase price of cannabis for resale. Read more here
Are caregiver services and wholesale purchases of non cannabis-related products tax-deductible?
Yes, if your business offers other services that are not directly related to sale of cannabis, you can deduct the business expenses associated with delivering these services. Read more here
Should I form a corporation for my business?
Yes, the state of California allows the deduction of necessary and ordinary business expenses for businesses that are taxed as corporations. Read more here
What are the reporting requirements for California cannabis distributors?
California cannabis distributors, at the very least, are required to file income, sales, and payroll tax returns. Read more here
What should my business plan include?
Having a business plan that includes a financial plan is absolutely essential if you want investors to take your venture seriously. Read more here
We continuously monitor the changing tax laws in order to provide up-to-date information to our cannabis distribution clients. At California Cannabis CPA, we have been able to assist our clients in navigating all of the potential tax concerns specific to their circumstances. We’re confident we can do the same for your business!
What can I include in COGS to reduce my cost base?
Cannabis distributors can claim deductions for transportation, utilities for designated inventory areas, and the wholesale purchase price of cannabis for resale. Read more here
Are caregiver services and wholesale purchases of non cannabis-related products tax-deductible?
Yes, if your business offers other services that are not directly related to sale of cannabis, you can deduct the business expenses associated with delivering these services. Read more here
Should I form a corporation for my business?
Yes, the state of California allows the deduction of necessary and ordinary business expenses for businesses that are taxed as corporations. Read more here
What are the reporting requirements for California cannabis distributors?
California cannabis distributors, at the very least, are required to file income, sales, and payroll tax returns. Read more here
What should my business plan include?
Having a business plan that includes a financial plan is absolutely essential if you want investors to take your venture seriously. Read more here
We continuously monitor the changing tax laws in order to provide up-to-date information to our cannabis distribution clients. At California Cannabis CPA, we have been able to assist our clients in navigating all of the potential tax concerns specific to their circumstances. We’re confident we can do the same for your business!
