Welcome to Citrin Cooperman's C-Suite Snacks podcast. Due to popular demand, we are now releasing all C-Suite Snacks webinar episodes as podcast episodes, starting from the top. 

Each episode will be around 30 minutes long and feature host Steve Ronan, principal and Strategy and Business Transformation Practice leader, diving into topics relevant to you with various industry advisors, business owners, and executives.

When in your lifetime have you witnessed the birth of an industry? As this industry transitions from illegality into a state-legal/federally illegal business, it faces business challenges like no other. Between difficulties in obtaining basic banking services, being taxed on gross margin rather than net income, and complex state and local regulatory environments, business owners and entrepreneurs face enormous hurdles.

In this episode, Partner and Cannabis Advisory Services Practice Co-Leader Mitzi Keating discusses the business challenges in the cannabis industry.

Key takeaways include:

• Overview and business challenges faces
• Taxation of the industry
• Cash flow and fraud risks