Did the Tax Cuts and Jobs Act Remove the Teeth of 280E?

It seems that a cannabis dispensary could make a very strong case to run a portion of rent, payroll, utilities, security, and other overhead items through cost of goods sold...

The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill

December 27, 2018
Ben Condon
Banking, Finance & Real Estate, Cultivation, Hemp Business Executive, Hemp Industry News, Hemp Policy & Legal, News & Insights, Policy & Legal
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CPA Covers The Income Tax Implications for Hemp Farms after the new 2018 Farm Bill The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. …

Importance of Efficient Tax Structuring for Cannabis Companies

Most of us are familiar with the common types of entities: Limited Liability Companies (LLC), C-Corporations, S-Corporations, Limited Partnerships, General Partnerships, etc. Due to IRC Sec. 280E, the only avenue for cannabis companies to recover their costs is through costs of…

How to Convert a California Nonprofit Mutual Benefit Corporations to a For-Profit Corporation under Proposition 64

Law Prior to 2018 - Non-Profit MBCs Ruled Medicinal cannabis businesses in California generally operated as nonprofit mutual benefit corporations prior to 2018. Although these medicinal cannabis businesses formally are incorporated as nonprofit mutual benefit corporations, they do not meet the requirements for income tax exemption described…

Did the Tax Cuts and Jobs Act Remove the Teeth of 280E?

The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill

Importance of Efficient Tax Structuring for Cannabis Companies

How to Convert a California Nonprofit Mutual Benefit Corporations to a For-Profit Corporation under Proposition 64

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