cannabis tax 280E

IRC § 280E is a Target for Cannabis Legal Reform in 2023

Will we see tax reform in 2023 for cannabis sellers? Specifically, will Congress finally get something done about the pain inflicted on industry by the Internal Revenue Code at 26 USC § 280E? (“IRC 28oE”.) It feels like a long shot, but you never know. After many attempts to get the SAFE Banking Act through

COGS

俄勒冈州税务法院对大麻种植的成本费用作出裁决

For several years one of the biggest problems the cannabis industry has faced is I.R.C. Section 280E. It suffocates the regulated marijuana industry. A recent decision by the Oregon Tax Court addresses Section 280E and what may properly fall under Cost of Goods Sold (“COGS”) in the context of a marijuana grow operation. (See here, here, here, here and here

deschedule cannabis

Deschedule Cannabis, Don’t Reschedule It: Part 2

Last week, I wrote a piece entitled “Deschedule Cannabis, Don’t Reschedule It.” The post came on the heels of President Joe Biden’s announcement that the federal government is considering the federal scheduling of cannabis. As I noted, rescheduling cannabis to schedule II or below is a bad idea, because it would subject cannabis to DEA

付款计划

加州大麻税支付计划

Recently, numerous clients have come to us about issues with cannabis payment plans and the California Department of Tax and Fee Administration (“CDTFA“). Recall, there was a time in California (not that long ago) where certain cannabis companies threatened to just not pay their taxes because they believed the tax rate was too high. In

l.a. county cannabis tax

L.A. County Commercial Cannabis Tax Measure is Here

L.A. County commercial cannabis is finally coming in 2023. We covered the breaking news about L.A. County commercial cannabis regulations here. This is a huge deal, because L.A. County is the biggest county in the U.S. with over 9 million residents. L.A. County plans to allow the following businesses in in its borders in 2023:

加利福尼亚州大麻税

加州大麻减税。CDFTA和195号议会法案

加州大麻税收减免是一件大事。而且是一个真正的事情。现在重要的是加州税务和收费管理部("CDTFA")如何解释大会第195号法案。正如我之前在博客中所说,加州终于开始对大麻许可证持有者进行适度的大麻税收减免(主要是为了种植者的利益)。

大麻税

Update: California Cannabis Tax Holiday

When it comes to cannabis ballot measures, a common promise is made to voters that the increased tax revenue from cannabis sales will go back into the community. Cannabis taxes are therefore unavoidable. So is the debate over how high those taxes should be. In turn, all states have their fair share of cannabis tax

cannabis business entity

Choosing the Right Entity for a Cannabis Business: Business Types

One of the most important decisions a new cannabis business can make is the form of entity it will use. In fact, one of the first questions businesses ask is whether the right entity for a cannabis business is a limited liability company (LLC), corporation, or something else. Like basically every other legal analysis, the

cannabis business

How Cannabis Businesses Succeed

We work with many large cannabis businesses and many small ones too. It’s fun to talk up the bigger fish, but I have a soft spot for the little guys. I really enjoy small business at the end of the day. I like seeing financial statements of disciplined, privately held companies doing maybe $5m to

cannabis partnerships

Cannabis Partnerships

Many cannabis handshake deals result in the parties forming an inadvertent cannabis partnership. The words “partnership” and “joint venture” are often thrown around casually. Many early stage cannabis entrepreneurs know they want to do some type of business venture, often with a business partner, but they often do not know why or how to avoid