How Cannabis Businesses Can Prepare for Tax Season

A Little About 280E The 280E statute bans businesses from deducting business expenses for gross income associated with the trafficking of Schedule I or II substances. While other businesses can deduct any number of expenses when filing their taxes — employee salaries, rent, equipment, electricity, etc. — 280E limits cannabis companies to only expensing deductions directly related […]

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Sky High Becomes Squamish’s First Provincially-Licensed Cannabis Dispensary

Squamish officially has its first provincially-licensed cannabis dispensary. After a month-long closure, Sky High Cannabis re-opened its doors on Sept. 30 as a fully-licensed marijuana retailer. For the family that owns and operates the store, getting the certification has been a long-anticipated endeavour. The reopening was an emotional moment. “It’s hard to put into words […]

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