By Simon Dufour, CPA, Hall & Company CPAs
As the cannabis industry sits at an awkward crossroads of legality, with only some states being willing to embrace it, a brutal onslaught of taxation and restrictions have muddied the road forward for vulnerable cannabis companies trying to find their footing. The situation is so bad that many legitimate businesses are retreating to the black market just to survive, though this only causes more problems in the end. There is hope on the horizon, but only the savviest operators will successfully navigate the financial quagmire standing in their way.
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