Frequently Asked Questions

Listed below are some of the most frequently asked questions our team receives about R&D tax credits

Which cannabis ancillary businesses (non-plant-touching), or sub-industries, are able to claim federal R&D tax credits under the new law?

  1. The federal R&D tax credit was established to encourage U.S.-based research and development, and the hemp/CBD industry is continuously innovating. If your business conducts research and development in any of the following areas, there is a strong likelihood that your costs can be offset by federal (and in some cases state) R&D tax credits.
  • Cannabinoid (CBD, CBG, CBN, etc.) Genetics & IP Companies
  • Canna-Tech (FinTech apps, Banking apps, Mobile apps, etc.)
  • Cannabis / CBD Testing Labs
  • CBD Extraction Companies
  • CBD Product Manufacturing (oils, tinctures, lotions, creams, drinks, etc.)
  • Equipment Manufacturers¬†
  • Engineering / Architects (building grow rooms, facilities, dispensaries, kitchens, etc.)
  • Hemp Farmers / Growers
  • Seed-to-Sale Software Companies (METRC + compliance software)
  • Smoking Device Companies (product development)
  • Sustainable Packaging Companies (child-proof packaging)
  • White-Label CBD Manufacturing
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