TrimBooks is an AI agent that handles cannabis tax compliance autonomously. COGS allocation, IRC 280E, multi-state excise tax, audit-ready financials. No spreadsheets. No guesswork.
Try the 280E CalculatorIRC Section 280E disallows ordinary business deductions for cannabis companies. Every dollar of COGS allocation matters. Get it wrong and the IRS takes everything.
Cannabis-specific excise taxes, cultivation taxes, THC taxes. Most firms still track these in Excel because no software handles them natively.
Oregon, California, Colorado, Michigan, Oklahoma. Every state has different rules, different rates, different reporting. One firm can't scale across all of them manually.
Upload financial data from QuickBooks, Xero, or spreadsheets. TrimBooks understands cannabis chart of accounts natively.
Automatically separates deductible COGS from non-deductible expenses. Applies IRC 471 inventory rules. Generates GAAP-compliant allocation.
Compliant financial statements, multi-state excise tax filings, and documentation that holds up under IRS scrutiny. Updated continuously.
Tracks regulatory updates across every state you operate in. Adjusts calculations when rules change. Alerts you before deadlines hit.
TrimBooks exists because cannabis businesses deserve the same caliber of automated compliance that every other industry already has. The spreadsheet era is over.
Calculate Your 280E COGS NowThe plain-English version of the tax provision that shapes everything about how cannabis businesses pay taxes.
A practical walkthrough of which expenses qualify as COGS and how to maximize your deductible cost base.
Five questions cannabis operators ask most — state applicability, COGS vs. operating expenses, audit records, and more.