Webinar

Taxation of the Cannabis Industry

If you have questions about this event, please call us at 952-831-2707.

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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.

Major subjects

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

Learning objectives

• 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. Section 61
• Apply the restrictions and limitations of Section 280E and Section 471
• Examine state marijuana laws
• Recognize the challenges of a cash-intensive business
• Analyze relevant federal court cases

Who should take this program?

• CPAs, EAs, tax professionals, financial planners, investment advisors, financial professionals

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.