Cannabis
AAFCPAs to Present on Cannabis Finance and Compliance at 2026 NECANN
Operators, investors, and advisors across New England and nationwide are preparing for significant tax and regulatory change. Federal rescheduling and the expected inapplicability of Section 280E to cannabis are set to reshape growth strategies and compliance requirements. These developments set the stage for timely industry discussion at the 2026 New England Cannabis Convention and NECANN […]
Massachusetts Cannabis Repeal Could Shift Market to Medical-Only
Changes could narrow legal cannabis access and create operational and financial challenges for Massachusetts businesses. Early preparation and strategic guidance can help operators navigate and sustain long-term growth. Key Takeaways: In Massachusetts, a new ballot initiative proposes unwinding the adult-use cannabis market, a shift that would reshape both the regulatory landscape and the state economy. […]
Cannabis Business Sale Proceeds: Key Considerations Before Cashing Out
Key Takeaways: A cannabis sale requires careful financial and operational planning well in advance of a transaction. Proceeds depend on how deal structures, tax exposure, capital obligations, and regulatory timelines interact over the life of the business. A pending sale often signals progress for a cannabis operator, but the purchase price alone does not determine […]
Cannabis Operators Face New Strategic Choices
As we enter 2026, cannabis operators are navigating a more demanding business environment. Margins are tighter. Regulations continue to evolve. Consolidation is altering competitive dynamics in ways that are not always predictable. Against this backdrop, decisions about growth, partnerships, capital, and potential exit strategies carry greater weight than they once did. The strategic choices made […]
Janice M. O’Reilly to Retire March 1
AAFCPAs announced today that Janice M. O’Reilly, CPA, CGMA will retire effective March 1, 2026, marking the culmination of an extraordinary career defined by leadership, vision, and enduring impact. Over nearly a decade with the firm, Janice has been a trusted advisor to clients navigating pivotal moments, a builder of nationally recognized advisory practices, and […]
IRS Updates Guidance on Business Interest Deductions
Key takeaways: The Internal Revenue Service recently clarified its Section 163(j) FAQs following changes under the One Big Beautiful Bill Act. These updates do not create new law but provide practical guidance for companies evaluating financing, merger and acquisitions activity, or capital investments. For businesses with significant depreciation or amortization, the revised framework helps align […]
Why Inventory Deserves a Second Look in Cannabis Cultivation
Inventory rarely draws the same attention as cultivation methods or regulatory headlines, yet it often tells the clearest story about how a cannabis operation is run. AAFCPAs’ Janice O’Reilly, CPA, CGMA, Partner, explores this topic in a recent article published in Greenhouse Product News, showing how insights from dispensary operations can help growers manage inventory […]
Executive Order to Reschedule Cannabis: What It Means for IRC 280E
On December 18, 2025, President Trump issued an Executive Order directing the Department of Justice (DOJ) to expedite the rescheduling of cannabis to Schedule III under the Controlled Substances Act (CSA). This action follows the Department of Health and Human Services’ (HHS) 2023 recommendation and represents a major turning point for state-legal cannabis businesses. Why […]
Cannabis Rescheduling: What It Means for Operators and Investors—and How We’ll Help You Navigate It
The federal government’s anticipated move to reclassify cannabis from Schedule I to Schedule III under the Controlled Substances Act is one of the most consequential policy shifts the industry has seen to date. While this change may promise tax relief, expanded research opportunities, and improved access to capital, it also likely introduces stricter federal oversight […]