EisnerAmper’s Tax Guide can help you identify opportunities to minimize tax exposure, accomplish your financial goals and preserve your family’s wealth.
As cannabis companies progress along this transformation, they are faced with many of the same challenges and risks as those organizations operating in more established industries.
These proactive steps can be performed using in-house personnel or by acquiring business intelligence reports from a cost-effective provider to identify adverse events related to these third parties.
The business intelligence reports can be custom-tailored and cost little in relation to the potential risk to the company, and provide the company with a fact-based view into the supplier’s, celebrity’s or others’ past history including legal troubles, bankruptcy, adverse media articles or social media posts, in addition to finding out if they are affiliated with a potential competitor .
In summary, cannabis companies should treat their high-risk third parties just like seasoned companies do and evaluate critical business partners through risk assessments and due diligence reports before entering into agreements with them.
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