Derek Davis is formally trained in tax accounting at PriceWaterhouseCoopers LLP (PwC) and Deloitte Tax LLP with over half a decade of professional taxation experience. As a Certified Public Accountant he has helped clients throughout the United States and is licensed in the State of California.
Derek first became intrigued in the Cannabis tax space in 2010 when cannabis was previously on the ballot for legalization. What intrigued him was the tax code 280E which disallowed individuals to deduct ordinary and necessary business expenses to operate their canna-business. Unfortunately, California wasn't ready for full legalization so he put his interests on the back-burner.
The growth of this industry has shown led by the amount of revenue Colorado was able to generate in 2015 re-sparked his interest in the industry and he decided to pursue this space by starting California Cannabis CPA in 2016.
Drerk can be reached at [email protected].