Webinar Aims To Help Pot Businesses Navigate COVID-19 Crisis, Tap CARES Act

  • Accounting and advisory firm MGO wants cannabis companies to know there are paths to financial relief, despite the looming economic downturn and a federal stimulus package that seemingly excludes the industry from receiving funds.
  • ” Cannabis and hemp businesses can leverage recent tax developments including provisions in the CARES Act and creative strategies to increase cash flow and lower their effective tax rate,” says Scott Hammon, head of the MGO Ello cannabis practice .
  • ” There has been discussion and commentary regarding whether a cannabis operating company can claim the U.S. federal payroll tax credit benefits contained in the FFRCA and the CARES Act,” Agarwal told Benzinga.

Read full article: benzinga.com