Cost of Goods Sold (CoGS)

CoGS represents the direct costs of producing goods sold by a business.

In the cannabis industry, Cost of Goods Sold (CoGS) refers to the total direct costs incurred in the production of cannabis products that have been sold. This includes expenses such as raw materials, labor, and overhead costs directly tied to the cultivation, processing, and packaging of cannabis products. Accurate CoGS reporting is essential for financial optimization and compliance, especially under the constraints of IRS regulations like 280E.

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