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Taxation of the Cannabis Industry

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Webcast or Webinar

Online, ON 00000

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2.0 Credits

Member Price $89.00

Non-Member Price $119.00

Overview

This course offers a comprehensive exploration of the cannabis industry, delving into essential topics such as cannabis regulations, business models, financial management, and ethical considerations. A key focus is on distinguishing between Marijuana and Industrial Hemp, including their respective tax treatments. Participants will gain a thorough understanding of the unique challenges and opportunities within the cannabis sector, covering federal and state tax implications, licensing requirements, and market trends.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

  • Industrial hemp vs. marijuana.
  • Income definitions under I.R.C. §61.
  • Tax code restrictions: §280E and §471.
  • State-specific marijuana laws.
  • Cash management in cannabis businesses.
  • Federal court case analysis.

Prerequisites

None

Designed For

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors, Financial Professionals

Objectives

After attending this presentation, you will be able to...

  • Recall the historical view of U.S. taxation.
  • Distinguish between industrial hemp and marijuana.
  • Recall the definition of income as defined by I.R.C. §61.
  • Apply the restrictions and limitations of §280E and §471.
  • Examine state marijuana laws.
  • Recognize the challenges of a cash-intensive business.
  • Analyze relevant federal court cases.

Preparation

None

Non-Member Price $119.00

Member Price $89.00