In 2012 Washington was the second state government to legalize the recreational use of marijuana, which means Washington businesses have had years of marijuana revenues and reporting. Washington cannabis crops are tracked from seed to sale to ensure the products end up in state-regulated retail stores. The result is a stable marketplace, despite a heavy tax rate of 37%.
At GJR Consulting, we cater specifically to marijuana businesses so your Washington hemp, CBD, or marijuana-based business can make sense of complicated and sometimes contradictory laws that govern financial reporting and taxation. Some of the services we offer include:
- Mitigating the impact of 280-E expenses
- Ensuring all local, state, and federal taxes are reported and paid properly
- Streamlining financial reporting processes
- Tailoring record keeping to your unique operations