I get asked all the time for advice and tips on how to start a marijuana business. Most of the time people want to bounce ideas off of me that involve growing and/or selling marijuana. Sometimes it will involve an ancillary industry idea, but for the most part the people that I talk to want to pursue a business idea that involves ‘touching the plant’ as a lot of people in the industry say these days. I offer up my two cents on what it would take to start a garden and/or a dispensary as best I can, and always tell people to take it for what they will considering I don’t operate either type of business.

Something that I’m always quick to point out is the need for cannabis entrepreneurs to know about 280E and how it affects marijuana businesses during tax season. People dedicate a ton of time designing their garden, dialing in their ‘grow recipe’ to maximize their yields, but don’t dedicate nearly as much time researching 280E. It’s understandable – tax code is not a sexy thing. To most people, it’s about the least desirable part of being in the industry. However, it’s extremely important, which I’m sure a lot of people are learning for the first time as they prepare their taxes for their business.

Taxes can be confusing, especially when it comes to 280E. I am by no means a tax expert, but there are..........http://www.theweedblog.com/ncia-280e-marijuana-businesses-tax-season/

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