California Cannabis Tax Credits

California Cannabis Tax Credits

On June 30, 2022 California enacted Assembly Bill 195 (AB 195) that paved the way for two additional tax credit opportunities for Commercial Cannabis Companies operating in California.   High-Road Cannabis Tax Credit For each taxable year beginning on or after...

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14 Things to Consider Before the End of 2022

14 Things to Consider Before the End of 2022

Now is the time to implement year-end tax planning strategies to mitigate tax liabilities for 2022.  Below are our top tax planning strategies to consider:   1. Charitable Contributions Consider lumping 2 years of planned charitable contributions into one year to...

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Cannabis Tax Relief for California Operators

Cannabis Tax Relief for California Operators

In the highly regulated cannabis industry much needed tax relief has been passed in California.   Cultivation Tax Eliminated On June 30, 2022 California enacted Assembly Bill 195 (AB 195) which eliminates the weight-based cannabis cultivation tax.  Effective July...

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