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Accounting Issues in the Cannabis Industry

DENVER — Money was pouring into Bruce Nassau’s five Colorado Legalized marijuana shops when his accountant called with the bad news: The 2014 tax season was approaching, and Mr. Nassau could not rely on the galaxy of deductions that other businesses use to reduce their tax bills. He was going to owe the Internal Revenue Service a small fortune. “I had to write a check for $275,000,” Mr. Nassau said. “Unbelievable.” The country’s rapidly growing 
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Misguided cops turn the war on weed into a war on growing things, they continue cracking down on marijuana grow operations, especially in heavily armed, unannounced raids, maybe they should consider hiring a botanist or two. Earlier this month, Dwayne Perry of Cartersville, Georgia, was startled out of his bed by a low-flying helicopter. Moments later, WSB-TV reports, heavily armed officers and K-9 units with the Governor’s Task Force for drug suppression showed up, apparently believing 
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Before I get to my business intel, you should know that the personal tax world was roiling late last week over some fraud detected from within TurboTax. Here is the Story: http://www.forbes.com/sites/kellyphillipserb/2015/02/06/turbotax-temporarily-halts-e-filing-in-all-states-amid-fraud-concerns/ Essentially, the makers of the software detected a level of fraud occurring in state tax return submissions that made them decide to completely shut down submission of those returns for a period of time. Eventually, they determined that the apparent source of the fraud was 
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10:00 am Cannabis Dispensary Employee Tra... @ 420 College
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Cannabis Dispensary Employee Training – Los Angeles   If you want to work in a cannabis dispensary, get 420 College certified.  Sign up for our courses for Cannabis Dispensary Businesses – employee training, 40 hours. These courses are aimed towards anyone that is looking to work in a cannabis dispensary. Our employee training course covers: Office Administration Inventory Management Delivery/transporters Metric system Budtender Compliance You will need to complete the full 40 hours in order