The Hemp Know has joined forces with EXPO Financial to provide banking solutions for dispensaries. Each dispensaries comes with a host of fees - IRS, state, and city tax and unfortunately it is only going to get worst.
In the next few months, dispensaries are going to be introduced, or reintroduced, to the IRS 280E tax code. The cash they are using for day-to-day operations is going to be scrutinized. Then the 3-year audit by the IRS will come up and all that cash will have to be accounted for, costing tens of thousands of dollars in time and audit preparation.
Our registered financial institution will make a difference, save a fortune in taxes and help create more consumer demand.
This cashless environment can increase transactions and transaction value by 20% or more and reduce 280E through compliant unitization. THK joins EXPO Financial to increase regional awareness and exposure to this transformative solution; and to share how we might be able to simplify business for dispensaries by providing a unique payroll, inventory management and cash management system that costs very little to implement.
For more information email info@thehempknow.com or call 214-699-8438.
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