Laundering Cannabis Cash to Pay Federal Taxes - A Proprietary Process. 

Note - this is an ad for the Ascendant Management Compliance Conference in Scottsdale, Arizona and the AvantPay Cannabis Conference in Washington, DC this September. Don’t waste your time reading it if you don’t want to make money in regulated cannabis industry. Thanks! - Samson 

In order to pay Federal Taxes many licensed, regulated, cannabis companies have to launder their cash. Why? Because banks will not open an account for a cannabis business due to cannabis being illegal at the Federal level. How exactly then do dispensaries, cultivators, retailers, transportation and other cannabis businesses pay Uncle Sam taxes if they can’t legally open bank accounts? The answer to that is a proprietary process. 

Too, the conversation really hits home and highlights the pain point that cannabis entrepreneurs face when you consider that without a bank account how do these small business owners do all the extr...more