aBIZinaBOX Cannabis

  aBIZinaBOX  Cannabis

aBIZinaBOX Cannabis

Our commitment to the commercial business in California has caused us to create an industry-centric practice group.  The group has professionals in Evanston, IL HQ

aBIZinaBOX Cannabis Dope CPA
Cannabis Practice Group

and Oakland, California.  We have devoted several years of study to the application of our regulatory compliance, tax, tech, reporting, and accounting experience and services to the unique requirements of the industry.

The practice is focused on California businesses, and recently Oregon, Washington, and inbound international investment, particularly mezzanine positions.  The complexity of the issues facing commercial businesses, we have concentrated on being  CPA’s so we do one thing well rather accept mediocrity in several. We have added a new summary page on Paying Taxes With Cash.

While you are at it, ask us about Cannabis Cooperative Associations [“CCA”] Corner which facilitates producers [“Cultivators”] being able to efficiently manage marketing, Distribution, Extraction and Transportation operations, and the cutting sarcasm of our images in NoseintheBook Galleries.

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Our CPA Cannabis Experience

We have substantial experience and expertise in the industry :

  • The unique financial record-keeping needs of cultivators, retailers, extractors, processors, and distributors.

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  • Experience with the selection of optimal operating structures for each participant in the industry.
  • Experience in adjusting structures and modifying financial record-keeping to comply with a rapidly evolving regulated California market.
  • An understanding of the challenges presented by a long history in the industry of “doing business in cash” and the associated problems.
  • A practical understanding of the banking, card processing, and anti-money laundering issues applicable to this industry including the role of a Kovel Accountant.
  • Substantial hands-on experience with the relevant Regulators.
  • Both of our Managing Directors have over thirty-five years of professional practice experience.
Focused Expertise relating to California Commercial Cannabis  CPA Practice

Our experience includes issues relating to permitting, licensing as well as reporting and paying marijuana excise tax and gross receipts tax at the municipal and county level.

We have developed effective strategies for addressing the onerous impact of the limitation on the deduction of ordinary and necessary business expenses imposed by Internal Revenue Code § 280E on businesses engaged in “trafficking” in a controlled substance. Our IRC Sec. 280E Repository contains a number of articles both our own original analysis and cutting-edge thought from other sources. Check it out. it is NOT the “same old bullshit that everyone else posts and claims IRC Sec. 280E expertise.

A Leader in California Commercial Cannabis Industry CPA Practice

aBIZinaBOX’s – Cannabis will continue to monitor on a daily basis the evolution of the regulation of California’s cannabis industry to retain our position as a leading cannabis CPA firm with practical expertise.  We will maintain our position as a leader in financial record-keeping and report for California cannabis by continually adjusting to the demands of this evolving industry. 

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We upgraded the search function on our website. The site now uses Google Custom Search to search this site, our parent site, the cannabis regulators in California – BCC, CDPH, CDFA, CDTFA, FTB and the IRS.