DENVER, Sept. 20, 2022 (GLOBE NEWSWIRE) — Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance software platform serving the cannabis industry, announced that it is working with CohnReznick, one of the leading consulting, insurance and tax firms in the United States, to highlight the importance of tax issues in the cannabis sector. Through the collaboration, CohnReznick, who administers key tax and accounting advice to plant-touching and ancillary businesses in the cannabis sector, will support Simplifya by providing up-to-date tax and accounting guidance Simplify a market To leada RegTech platform that empowers cannabis and cannabis-related businesses with comprehensive, easy-to-use regulatory summaries for all 50 states.

“As the cannabis industry continues to grow and more herb-touch and supplement companies enter the space and expand into new markets, one of the most persistent pain points these companies face is compliance with exhaustive, confusing tax laws,” he said Marion Mariathasan, CEO and co-founder of Simplifya. “We are thrilled to have CohnReznick, one of the most reputable accounting firms in the United States and a pioneer in the cannabis space, to help us deliver important tax content so we can best support clients in adapting to the daunting accounting and tax challenges unique to the cannabis industry . Through Market Guide, we’re not only helping to significantly reduce the time and money businesses spend understanding and complying with tax laws, we’re also helping these businesses retain their licenses and survive.”

“Proper compliance with tax laws in a highly regulated industry is challenging, but in the cannabis industry — with its evolving and often competing state-to-state tax requirements combined with federal tax requirements, unprecedented non-deductible expenses and intense scrutiny — the challenges are both plant-touching as well as side businesses are…