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The Power of Monarch’s Compliance Document Management

Introduction: Cannabis businesses must meticulously track their activities and inventory to remain compliant and optimize taxes. With frequently changing regulations across different states, keeping accurate records is both critical and challenging. Monarch offers powerful document management capabilities purpose-built for the needs of the cannabis industry. The Compliance Burden of Records Management Meticulous record-keeping is required

2024-04-12T20:23:54+00:00April 12th, 2024|Cannabis, payments, Technology|Comments Off on The Power of Monarch’s Compliance Document Management

280E Federal Filing: A Comprehensive Guide for Cannabis Businesses

If you're in the cannabis business, you're no stranger to the myriad of federal and state regulations that control your industry. Section 280E of the U.S. federal tax code is the most important and least understood of all the red tape.  Let's pull back the curtain, shall we? Unravel the complexities, deconstruct the jargon, and

2024-04-10T17:31:05+00:00April 10th, 2024|Cannabis, payments, Technology|Comments Off on 280E Federal Filing: A Comprehensive Guide for Cannabis Businesses

Navigating Taxation Challenges in the Cannabis Industry with Monarch

In the intricate dance of the legal cannabis industry, taxation challenges loom large, casting shadows on the path to financial success. However, amidst the complexities, Monarch emerges as the guiding light, unveiling a comprehensive roadmap to navigate the intricate web of taxation challenges unique to the cannabis sector. The Labyrinth of Cannabis Taxation The cannabis industry,

2024-04-05T19:08:15+00:00April 5th, 2024|Cannabis, payments, Technology|Comments Off on Navigating Taxation Challenges in the Cannabis Industry with Monarch

Why Accurate Tax Calculations Are Vital for Cannabis Companies

In the fast-paced world of the legal cannabis industry, precision is paramount. Among the myriad challenges cannabis businesses face, accurate tax calculations stand out as a cornerstone for financial success. In this comprehensive guide, we'll delve into the critical importance of precise tax calculations in the cannabis sector, the potential consequences of inaccuracies, and how

2024-04-04T00:27:59+00:00April 4th, 2024|Cannabis, Technology|Comments Off on Why Accurate Tax Calculations Are Vital for Cannabis Companies

Monarch’s Impact on Cannabis Taxation

In the complex cannabis industry, getting taxes right is a make-or-break for operators. Tax liabilities are often the largest expense for cannabis firms, and non-compliance leads to crippling penalties. Monarch works closely with leading operators to automate their tax workflows for massive time and cost savings. Here we highlight real customer success stories that demonstrate

2024-04-01T18:07:44+00:00April 1st, 2024|Cannabis, Technology|Comments Off on Monarch’s Impact on Cannabis Taxation

Mastering Taxation in the Legal Cannabis Industry

For newly legal cannabis businesses, the complexity of tax compliance can be daunting. It's easy to get lost between rapidly changing regulations, complicated calculations, and tight filing deadlines. This post will explore key steps cannabis retailers can take to master taxation in this emerging industry. Know the Regulatory Landscape With cannabis still federally illegal, most

2024-03-29T18:10:01+00:00March 29th, 2024|Cannabis, Technology, Uncategorized|Comments Off on Mastering Taxation in the Legal Cannabis Industry

Why Every Cannabis Business Needs Monarch

As the cannabis industry grows, businesses realize that tax compliance is one of the most challenging hurdles to overcome. The web of regulations is vast and confusing, inventory must be tracked meticulously, and failure to comply can mean crippling penalties or loss of license. That's why every plant-touching cannabis operator needs Monarch - the leading

2024-03-27T17:48:22+00:00March 27th, 2024|Cannabis, Technology|Comments Off on Why Every Cannabis Business Needs Monarch

Monarch: Your Cannabis Tax Ally

For newly legal cannabis companies, tax compliance often feels like wandering through a dense jungle filled with pitfalls. Complex regulations, high tax rates, and the IRS 280E provision result in maze-like accounting needs. Without the right guidance, missteps can lead to major fines, lawsuits, or even the closure of your cannabis business. Fortunately, with the

2024-03-25T16:12:01+00:00March 25th, 2024|Cannabis, Technology|Comments Off on Monarch: Your Cannabis Tax Ally

Choosing Between Cash, Debit Cards, and Mobile Wallets When Paying for Cannabis

As legal cannabis becomes more widely available in the United States, customers have a greater range of payment options to choose from than ever before. Instead of relying solely on cash, many dispensaries now accept debit cards and mobile wallets such as Apple Pay and Google Wallet. But when it comes time to make a

2023-03-26T16:57:58+00:00March 26th, 2023|Cannabis, payments, Technology|Comments Off on Choosing Between Cash, Debit Cards, and Mobile Wallets When Paying for Cannabis
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