The industry is seeing explosive growth and change. It is estimated that total sales of CBD products in the U.S. exceeded $624 million through retail channels and $16 million in CBD’s sold through pharmacies. A new market, CBD sales are in addition to the $1.2 billion in low-TCH/CBD products sold in dispensaries along with $8.6 billion in flower and other THC-containing products.
As growers, retailers, manufacturers, investors or ancillary business owners, you should pay close attention to compliance with federal and state laws and the implications for your balance sheet.
Daszkal Bolton’s multi-disciplinary team of tax, audit and advisory professionals will help you monitor the rapidly changing industry to ensure compliance, strengthen financial safeguards to protect your business and optimize your tax position to enhance profits.