Episode for cannabis business owners and entrepreneurs.
Like other highly regulated industries, cannabis is a difficult industry to operate in - but add the 280E tax code on top of that, and being triumphant can be a steep uphill battle! We discuss the financial obstacles companies face and estimate rules of thumb for Gross Margin and Net Profit to be successful.
Article Discussed
[1] “Advice on 280E for marijuana executives: Settle in lieu of fighting with the IRS” from Marijuana Business Daily