Section 280E prohibits businesses that traffic in Schedule I or II controlled substances (including cannabis) from deducting ordinary and necessary business expenses. Because cannabis remains illegal under...
Banks are wary of serving cannabis companies because the plant is federally illegal; as a result, most cannabis firms still operate largely with cash and struggle to...
Because federal prohibition deters most banks, cannabis retailers often handle large amounts of cash, creating security risks. To accept large payments safely: • Work with a payment...
Cannabis supply chains face regulatory inconsistencies, transportation issues, cybersecurity threats, and product-quality liabilities. A risk management plan should: • Identify and document all risks your business faces,...
Transforming cannabis into finished products involves harvesting, trimming, transportation, packaging, testing, and distribution. Risks include: • Cybersecurity threats — Data breaches are common across industries. Implement secure...
Cannabis businesses rely on technology for operations and compliance reporting, which creates vulnerability to cyberattacks. To protect data: • Adopt cybersecurity best practices. Educate employees about phishing...
Cannabis operations are high‑value targets for theft and robbery. Because federal banks cannot serve the industry, many businesses handle large amounts of cash. Best practices include: •...
Cannabis packaging is heavily regulated. Key requirements include: • Child-resistant packaging — federal law under the Poison Prevention Packaging Act and state rules require packages to be...
Packaging non‑compliance and other regulatory issues can trigger costly recalls that damage consumer trust. To prepare: • Develop a written recall plan that outlines roles, communication protocols...
Cannabis cultivation can strain natural resources. Studies show a single plant can consume up to six gallons of water per day during peak growth, and indoor grows...
AlphaRoot Team Marketing
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