Like business owners in any industry, cannabis entrepreneurs must prepare for the various taxes which will be levied by state and local governments. This can be an overwhelming task – especially in the current environment of unsettled regulations and uncertain administrative policies. However, strategic planning can devise tax strategies which reduce a company’s overall tax liability, and thereby improve its profitability. Prepare your business for the overhaul of the cannabis industry which has already started across California.
By consulting with a cannabis business attorney, you can prepare your business for profitable operations from Day One.