EXPERT TAX SERVICES FOR CANNABIS & HEMP BUSINESSES
MANAGE RISK & BOOST PROFITS WITH ELITE TAX SUPPORT
Tax Planning & Preparation Services for Cannabis & Hemp Companies
The IRS 280E tax code was designed to make operating a cannabis or hemp business difficult. With limited deductions, strict reporting requirements, and constant regulatory scrutiny, businesses that don’t have a strategic tax plan end up overpaying or, worse, facing compliance penalties.
At Growise CPAs, we know how to navigate 280E, optimize deductions, and structure your finances for maximum tax efficiency. Whether you’re looking to reduce your tax burden, prepare for an audit, or ensure full compliance, we build custom tax strategies that protect your business and your profits.
Strategic Tax
Planning & Compliance
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IRS 280E code and complex local and state tax regimes prevent cannabis businesses from deducting normal operating expenses, creating huge tax burdens.
We implement strategic cost allocation, entity structuring, and deduction optimization, ensuring you minimize tax liabilities while staying fully compliant.
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Late, inaccurate, or incomplete tax filings can trigger audits and penalties.
Our team ensures your state, federal, and local taxes are filed on time, accurately, and in compliance with cannabis and psychedelics regulations, so you stay protected.
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Not all cannabis and psychedelics businesses are taxed the same.
We analyze your business structure and financials to legally maximize deductions, allocate costs efficiently, and structure finances for long-term tax savings.
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IRS and state audits are common in the cannabis and psychedelics industries, and without clean financials and a solid defense, businesses risk penalties, fines, and back taxes.
We provide audit-ready financials, compliance documentation, and expert IRS representation to keep your business protected.
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Operating in multiple states? Each jurisdiction has different cannabis tax laws, sales tax rates, and reporting requirements.
We handle multi-state tax compliance, sales tax tracking, and regulatory filings, ensuring you stay compliant no matter where you operate.
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Looking to expand, acquire another business, or exit the industry? Without proper tax planning, you could lose significant profits to taxes and regulatory fees.
We provide tax-efficient business structuring and capital gains strategies to help you make the right move.
Verticals We Serve
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Cultivators
Overcome high production costs, complex tax restrictions, and strict compliance requirements. We help cultivators optimize profitability, ensure compliance, and scale operations.
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Dispensaries
Access precise financial oversight to navigate 280E tax laws, cash flow challenges, and regulatory compliance. We help dispensary owners maximize profits and maintain financial stability.
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Distributors
Manage inventory logistics, multi-state compliance, and fluctuating wholesale prices, while maintaining healthy profit margins. We help distributors streamline operations, reduce tax burdens, and scale efficiently.
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Manufacturers
Manage high overhead costs, inventory tracking complexities, and strict regulatory controls. We help manufacturers maintain profitability, efficiency, and full compliance in a competitive market.
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Vertically Integrated Businesses
Overcome complex financial and tax challenges across multiple operational levels. We support seamless compliance, optimized cash flow, and profitability at every stage of the supply chain.
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Ancillary Cannabis Businesses
Technology providers, packaging companies, marketing firms, and equipment suppliers face unique financial complexities. We help ancillary businesses scale while navigating the cannabis landscape.
