Our experienced team can help new and existing businesses understand the complicated and growing Cannabis & Hemp Industry. While this is an emerging market in New York State, the foundation is a combination of three existing industries – Agriculture, Distribution and Retail. We have a wealth of knowledge and experience in these three industries. Our team has also worked with existing medical license holders in New York State. We are ready to serve you.
Your Business Partner
With an estimated industry value of $3.1 billion, New York State is positioned to be one of the most lucrative cannabis markets in the United States. However, since the sale of cannabis remains illegal at the federal level, businesses face unique tax implications.
Cannabis businesses can expect to pay a higher marginal tax rate due to ineligibility for certain tax credits and deductions available to other businesses. Our team can help you navigate this complicated tax code including IRC Section 280E.
We are ready to help Cannabis businesses of all sizes with services including:
- Navigating Tax Code and Implications
- Understanding Industry Regulations
- Developing and Implementing Operating Procedures
- Audit Preparation
- Tax Planning
- Business Licensing
- General Business Consulting
- Bookkeeping Services
Services You Can Expect
Bowers & Company provides a wide range of business consulting services to assist you in planning and improving your bottom-line results.
WE OFFER THE FOLLOWING SMALL BUSINESS CONSULTING SERVICES:
- Business Entity Planning & Considerations
- Buy/Sell Agreements
- Bank Financing Options
- Merger and Acquisition Consulting
- Ownership Succession Planning
- SBA Loan Assistance
- Cash Flow Management
- Fraud Examination
- Internal Control Assessment
- New Business Formation
- Succession Planning
- Estate and Tax Minimization Planning
- Retirement and Financial Planning
Accounting & Finance Resources Curated For You
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