Cannabis Business Accountants in Wisconsin

Wisconsin’s Cannabis Landscape

While Wisconsin lacks a formal medical cannabis program, the state has embraced hemp. Farmers and processors are producing everything from raw hemp to CBD oils and industrial products. This growing industry demands financial expertise, particularly as businesses grapple with evolving rules and potential tax implications.

Wisconsin’s Tax Picture

Wisconsin hemp businesses pay the state’s standard 5% sales tax. But the potential legalization of medical or recreational cannabis could bring additional taxes, such as the excise taxes seen in neighboring states.