Entries by Brigid Galvin

Quartz: Cannabis companies are paying federal taxes in cash and it’s giving the IRS a headache

By Justin Rohrlich,  Originally posted in Quartz, November 14, 2018   Marijuana is now legal, in one form or another, in 33 US states and the District of Columbia. To the federal government, pot is still a drug classified no differently than heroin or cocaine. Yet cannabis businesses are still required to pay federal taxes. (More taxes than […]

IFRS Biological Assets in the Cannabis Industry

In the cannabis industry, the current trend is going public on a Canadian stock exchange through a reverse merger. Going public provides access to vast amounts of funding and high valuations that allow cannabis companies to invest heavily in acquisitions, grow their brand, and gain market share. Part of going public in Canada is applying […]