Cannabis Tax Planning in California
Tax Planning Built
for Cannabis Businesses.
Cannabis businesses face tax rules other industries don’t. We help California operators look at cost of goods sold, entity structure and the line between cannabis and non-cannabis activity—well before filing season.
Synqmine Digital Front Desk
An AI assistant that answers questions about Synqmine's services and can help you book a free consultation. It currently operates in English.
Ready to talk? Book a Free Consultation
Based in Milpitas. Serving business owners across the Bay Area.
The 2026 Rescheduling
What Changed for Section 280E.
In April 2026, the federal government moved two categories of marijuana from Schedule I to Schedule III: marijuana under a qualifying state medical license, and FDA-approved marijuana products.
Section 280E only applies to Schedule I and II substances, so that medical activity is no longer subject to its limits on deducting ordinary business expenses. Adult-use (recreational) marijuana remains in Schedule I, and 280E still applies to it. A decision on rescheduling the rest of marijuana is still pending.
If you operate medical and adult-use lines together, how you separate revenue, expenses and inventory between them now matters more than ever.
How We Help
Where We Focus for Cannabis Businesses.
Practical tax planning for the issues that most often shape a cannabis business’s tax bill.
Cost of Goods Sold
Calculate cost of goods sold from a tax-law perspective, within limits the IRS is likely to accept, while still capturing the value you’re entitled to.
Entity Structuring
Plan a structure that addresses near-term tax liability and is built to last, so you aren’t restructuring year after year.
Cannabis and Non-Cannabis Activity
Separate cannabis and non-cannabis divisions, activities and expenses correctly—an area that is often challenged in an IRS audit.
Medical and Adult-Use Allocation
If you run both, allocate revenue, expenses and inventory between medical and adult-use activity in light of the 2026 rescheduling.
Federal Tax Preparation
File a federal return that reflects the rules specific to businesses involved with a controlled substance.
State and Local Taxes
Work through state and local requirements such as sales and excise taxes, where compliance is closely tied to keeping your license.
Your Next Step Is Simple.
1
Tell Us About Your Business
Book a free consultation to discuss your goals, questions and current challenges.
2
Explore Your Options
Discuss where tax planning, accounting, CFO support or capital raising may fit your needs.
3
Move Forward With a Plan
Agree on the next steps and the support that makes sense for your business.
Explore Our Other Services.
Start with the support your business needs today, with room for your financial strategy to grow alongside it.
Business Tax Planning
Plan throughout the year to identify tax-saving opportunities, anticipate obligations and make informed decisions before filing season.
Accounting Services
Keep your financial records organized and your reporting clear, with bookkeeping and controller support that helps you understand business performance.
CFO Services
Bring financial perspective to your next business decision with cash flow forecasting, performance insights and guidance for growth.
Capital Raising
Explore investor connections and financing options, with guidance on presenting your business and preparing for funding conversations.
What Clients Say About Working With Manuel.
Read clients’ experiences working with Manuel and the Synqmine team.
5.0 · 24 Google reviews
★★★★★
“Manuel is very knowledgeable and he is always up to date with the most recent changes and laws in the industry, he improved my Taxes plan in ways that I didn’t even think of… His CFO services are great.”
Alex Cisneros
Google review
★★★★★
“Manuel was able to perform monthly accounting services such as payroll monitoring month end reports… Manuel also educated my self and my business on how to better handle our financial aspects on a monthly basis.”
Cristina Gutierrez
Presidente & CEO, PRANA Innovation Management · Google review
★★★★★
“The communication, availability and commitment you provide is great. And that is without even mentioning your knowledge, I wasn’t expecting to receive all those credits and everything was thanks to you.”
Karen Cifuentes
Google review
Let's Plan Your Next Move.
Bring your questions about taxes, cash flow or growth. Start with a free consultation about your business and where you want to go.
Synqmine Digital Front Desk
An AI assistant that answers questions about Synqmine's services and can help you book a free consultation. It currently operates in English.
Ready to talk? Book a Free Consultation