Cannabis companies have tax obligations like any other business. Each state, local, and federal municipality have different laws and regulations regarding cannabis companies. An understanding of the taxation issues cannabis companies may encounter can help companies navigate through these unique circumstances.
Course ID: WNKCT
What You Need to Know About Cannabis Companies and Taxation issues
Learning Objectives
After completing this course, you will be able to:
• Recall how to manage 280(E) restrictions and optimize G&A
• Identify State tax considerations (i.e., excise tax, tax pyramiding, other)
• Describe Tax treatment of the ecosystem and infrastructure that serves the cannabis industry
• Indicate Legal structures designed to avoid tax and reduce risk
• Identify federal legalization, interstate commerce, and proposed legislation such as the Cannabis Administration and Opportunity Act (CAOA)
Major Topics
• 280 (E) and its application
• Common Errors made by tax practitioners in applying tax statue
• Best practices in accounting to minimize tax and other tax strategies
• Common State and Local Taxation Issues unique to Cannabis companies
Who Should Attend
Practitioners who perform tax or advisory services for Cannabis Companies
Fields of Study
TaxesPrerequisites
None