Cannabis Software

The cannabis software development industry is rapidly evolving, and software and mobile applications provide a range of services to hemp farmers, manufacturers, distributors, and retailers. What began as seed-to-sale applications to allow companies to track inventory has evolved into full enterprise management solutions. Applications can monitor state-based regulatory compliance, provide customer relationship management (CRM), and a host of other functions. A significant percentage of the costs incurred in the research and development (R&D) of cannabis software and/or mobile applications can be offset by claiming the R&D Tax Credit.

The R&D Tax Credit is an activities-based credit. Employee wages, raw materials and supplies, and third-party contractor costs associated with R&D activities are considered qualified research expenses (QREs). Companies can receive refunds of up to 22% of total QREs through federal and state tax credits, depending on the state in which your business operates.

Example activities that qualify:

  • Writing new code to improve an existing application
  • Beta testing a new user interface with additional features
  • Creating novel enterprise relationship management (ERP) solutions software
  • Developing a new point-of-sale application to track inventory and optimize processes
  • Customizing software based on state-specific restrictions

Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs?

  • Back-end/Full-stack Developers
  • C-Suite
  • Consultants
  • Data Analysts
  • Product Managers
  • Software Developers
  • Software Engineers
  • UX/UI Engineers

Use our Hemp Tax Calculator to estimate your potential benefit, and partner with HempTax to claim your benefits with no up-front costs. Contact one of our experts today.

Want a quick estimate for your company?

Calculate my Credits

Got questions? Schedule a quick call with an R&D expert.

We’ll walk you through our process and take the time to understand yours to make sure you get the most back.

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Need more info? Schedule a time to connect with our team.

How much could I get back in R&D tax credits?

Great question! Try out our R&D Tax Credit Calculator to see the value of your R&D tax credit reward.
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