Five Reasons Your Margins May Be Wrong, and How to Fix Them - Register for Our Free Webinar
Five Reasons Your Margins May Be Wrong, and How to Fix Them - Register for Our Free Webinar
Best Practices for Retrofits & Rebates | Cannabis Business Times
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Best Practices for Retrofits & Rebates

Fluence72424
July 29, 2024
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In this webinar, two cannabis industry costing experts will demonstrate how margins in cannabis production can be wholly inaccurate, and why. They will describe the five most common problems growers and processors face when trying to get to actual costs. Then they will show how to fix those problems with best practices and important metrics managers must use to make informed production and sales decisions.
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The Department of Justice has announced the rescheduling of medical marijuana and encouraged the Treasury Secretary to consider allowing state-licensed medical marijuana businesses to amend prior-year tax returns affected by IRC §280E. Treasury has indicated that guidance is forthcoming, but it remains unclear when that guidance will arrive or which cannabis businesses and tax years it will cover. Meanwhile, statutes of limitation continue to expire. Cannabis businesses have a limited window to claim refunds or reduce prior-year tax liabilities, and waiting for IRS guidance could cause operators to lose refund opportunities that are currently available. This presentation will examine why cannabis businesses should consider amending prior-year returns before formal guidance is issued. We will discuss the current status of medical marijuana rescheduling, the unresolved treatment of adult-use cannabis, the risks associated with expiring statutes, and the options available to operators seeking to preserve their refunds before the window closes.
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