The legalization and decriminalization of cannabis across the United States have led to explosive growth in the cannabis industry. Once operating entirely in the shadows, cannabis businesses are now operating legally in many states and generating billions of dollars in revenue annually. However, federal prohibition has created challenges for these legitimate and licensed businesses. Specifically,
Choosing technology partners is one of the most critical business decisions in the Cannabis sector. The wrong solution can derail your compliance, while the right one provides peace of mind and drives profitability. In this post, we explore how Monarch has become a trusted partner for end-to-end cannabis compliance. Built for Cannabis from the
The legal landscape for CBD products in the U.S. is in constant flux, challenging Cannabis businesses to keep pace. Behind the rapid growth sparked by the 2018 Farm Bill, there lies a labyrinth of changing regulations, testing standards, and labeling rules. Furthermore, each state has its own stance on production, sales, and product allowances which
The legal cannabis industry is booming across North America, but navigating the complex taxation and compliance requirements can be a major headache for cannabis businesses. Monarch offers the ideal solution with its powerful cannabis tax software platform designed specifically for the needs of the industry. In this post, we'll provide an overview of cannabis taxation
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
Ever find yourself wondering what the connection between the flourishing cannabis industry and money transmittal licenses is? If you're like many others out there, probably not that often. And yet such licenses play a pivotal role in this growing sector, providing a secure, compliant pathway for conducting financial transactions. As the cannabis industry continues to
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,
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
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
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