In 1996, California became the first US state to legalize medical cannabis. Then, in November 2016, the Adult Use of Marijuana Act legalized recreational cannabis in the state. Despite the legalization, popularity, and growth of the industry, owners of recreational and medical cannabis dispensaries face tax-related challenges, thanks to federal laws regarding the sale of marijuana. This makes it crucial to work with CPA Ontario. For more details, visit G&S Accountancy.