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EXCLUSIVE: Simplifya Brings Key Tax & Accounting Information To Its Hashish Regulatory Compliance Platform Through Deal With CohnReznick



Simplifya, a regulatory and operational compliance software program platform serving the hashish trade, has teamed up with CohnReznick to carry key tax and accounting information to its Simplifya Market Information, Benzinga has realized solely.

CohnReznick, which administers key taxation and accounting recommendation to plant-touching and ancillary companies within the hashish sector, agreed to contribute present tax and accounting regulatory steerage to Simplifya’s a RegTech platform that arms each marijuana and marijuana-related companies with complete, user-friendly regulatory summaries for all 50 states.

“Via Market Information, we’re not solely serving to considerably scale back the money and time firms need to allocate in direction of understanding and complying with tax legal guidelines, however we’re serving to these firms retain their licenses and survive,” Simplifya CEO and Co-Founder Marion Mariathasan stated.

With the hashish trade rising by the day, there are lots of challenges that plant-touching and ancillary companies face frequently, CohnReznick Associate Michael Harlow, CPA, emphasised.

“Correctly adhering to tax legal guidelines in any extremely regulated trade is difficult, however within the hashish trade – with its evolving and infrequently competing state-to-state tax necessities, compounded with federal tax necessities, unprecedented nondeductible bills, and intense scrutiny – the challenges each plant-touching and ancillary companies face are unmatched,” Harlow stated.

In the meantime, Simplifya Market Information is constantly up to date with the newest content material in real-time by a crew of regulatory specialists and software program engineers who’re monitoring state regulatory modifications and necessities.

Customers are capable of entry regulatory snapshots and archived data and obtain alerts for any new regulatory modifications or updates that come via.

Associated Information

Picture: Couresy of Glenn Carstens-Peters on Unsplash

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