How Cannabis Businesses Can Reduce Section 280E Taxes with an ESOP
Cannabis operators facing complex tax rules and limited exit options may benefit from exploring employee ownership. An ESOP can free cash flow, align team incentives,…
Since 2012, AAFCPAs’ multi-disciplinary team has been partnering with cannabis businesses like yours to provide customized tax, financial, and consulting solutions that drive growth and ensure compliance nationwide.
AAFCPAs is an industry pioneer and since 2012 has been deeply immersed advising cannabis businesses in tax, finance, and outsourced accounting! Our team closely monitors federal cannabis rescheduling and 280E transition developments from a national perspective and actively participates in policy discussions shaping the industry. Our cannabis subject matter expertise has been sought by the U.S. Treasury and Senate Finance Committee through our leadership with the AICPA to help inform regulatory guidance. Regardless of how cannabis regulations evolve, we help owners and investors anticipate change, improve cash flow, manage risk, and optimize enterprise value through integrated tax, accounting, audit, M&A, and data informed strategies.
AAFCPAs has been deeply immersed in serving cannabis businesses since 2012. As the first full-service CPA and Consulting firm to advise Massachusetts cannabis companies, we have over 10+ years of proven cannabis experience nationally.
Regulations are complex, vary by state, and continue to evolve–and, the gap between federal and state law remains a challenge for operators. We help clients navigate federal regulations as well as the nuances of the states in which they operate.
We are recognized as a national leader serving cannabis operators, including those seeking licensure or expansion in newly legalized states. AAFCPAs provides tax, audit, accounting, and consulting solutions to Cannabis Businesses across the United States, including Arizona, California, Colorado, Connecticut, Delaware, Georgia, Illinois, Massachusetts, Maine, Michigan, New York, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, Rhode Island, and Vermont, and new states as they come online.
AAFCPAs’ subject matter expertise was sought by the U.S. Treasury and Senate Finance Committee for guidance on critical considerations regarding the 280E transition following DEA rescheduling news. As a key advisor through the AICPA, AAFCPAs provides insights to shape regulatory guidance on this issue.
AAFCPAs State & Local Tax Advisors help multistate operators streamline tax compliance and scale for continued growth. We don’t just manage your tax compliance — we reduce your administrative burden & costs.
Facing tight margins and complex regulations in the cannabis industry? AAFCPAs’ dispensary consulting team provides tailored inventory management, procurement strategy, and cash flow solutions to help you boost efficiency, streamline operations, and maximize profits.
AAFCPAs delivers on all their promises. They have full command of the nuances of the complex Cannabis industry. They provide honest and direct feedback on our financial performance. Their Outsourced Accounting Solutions help us execute on our growth plans utilizing best-practices in the industry. We utilize their tax expertise to make decisions that minimize our tax burden. They are a great value to me and our organization and I highly recommend their services and people.
*The advice provided by AAFCPAs’ Tax Consulting Attorneys is in a consulting capacity only and cannot be considered legal advice or a legal opinion and is not a substitute for the advice of legal counsel.
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Every situation is unique. We look forward to speaking with you to determine how we may best solve your needs.