THCFO Accounting

09/27/2024

The Internal Revenue Service (IRS) will persist in pursuing tax payments from ma*****na businesses that have taken deductions in anticipation of a...

09/11/2024

From our new friends at Wyn!

09/11/2024

09/05/2024

https://cannabis.net/blog/news/the-dangerous-280e-tax-battle-of-cannabis-companies-vs.-the-irs-penalties-and-interest-could-be

Tax lawyers and risk specialists, however, caution that this choice is likely to start a protracted and costly legal battle with the IRS, which might...

05/17/2024

It’s a step in the right direction but rescheduling is not the same as descheduling.

On Thursday, the Justice Department initiated the formal process to reclassify ma*****na from Schedule I to Schedule III, a less stringent classification acknowledging its medical benefits. This historic move, announced by President Joe Biden, aims to address long-standing inequities caused by the p

05/14/2024

https://420intel.com/articles/2024/05/14/alaska-house-representatives-approved-bill-change-cannabis-taxes

420 Intel is the leading source for cannabis news from around the world. Get the latest updates on cannabis legalization, politics and technology, as well as developments in medical and recreational ma*****na news. Our commitment is to bring you the most important cannabis news stories every day of....

05/10/2024

https://www.ganjapreneur.com/cannabis-company-wins-therapeutic-psilocybin-license-in-oregon/?utm_source=newsletter&utm_medium=email&utm_campaign=cannabis_brand_gets_psilocyin_license_in_oregon_thailands_prime_minister_wants_to_re_criminalize_and_more&utm_term=2024-05-10

Kaya Holdings Inc. (KAYS), a publicly traded and self-described "mind care company" that holds cannabis licenses in Oregon and Greece, announced this week that it has received a license to administer psilocybin products in Oregon. Oregon is currently the only state with a program covering the the

05/06/2024

https://www.accountingtoday.com/news/oregon-senator-demands-refunds-for-turbotax-customers-over-glitch?utm_campaign=NL_ACT_Daily_Briefing_05062024&position=4&utm_source=newsletter&utm_medium=email&campaignname=NL_ACT_Daily_Briefing_05062024&oly_enc_id=6911B7585289D0A

Due to a software glitch, some TurboTax customers were inappropriately encouraged to take deduction choices resulting in higher taxes.

05/03/2024

https://www.cannabisbusinesstimes.com/news/cannabis-adminstration-opportunity-act-2024-federal-cannabis-legalization-schumer/?utm_campaign=Cannabis+Business+Times+Newsletter&utm_source=05%2f03%2f2024+-+What%26%2339%3bs+Next%3f+Former+Deputy+AG+James+Cole+(of+Cole+Memo)+on+Rescheduling&utm_medium=email&utm_term=https%3a%2f%2fwww.cannabisbusinesstimes.com%2fNews%2fcannabis-adminstration-opportunity-act-2024-federal-cannabis-legalization-schumer&utm_content=545956&isid=B814FA

The Cannabis Administration and Opportunity Act aims to deschedule ma*****na by removing it from the Controlled Substances Act.