In this session, we’ll do a deep dive into tax accounting for the Cannabis industry, including an understanding of IRC codes 280e and 471. We’ll review relevant court cases. Additionally, we’ll discuss accounting best practices to keep your clients out of trouble, while correctly minimizing their tax burden. 

Learning Objectives:

• Summarize the current state of Cannabis/CBD from a political standpoint


• Recall the important provisions of 280e, 471a, and sub provisions 


• Identify key court cases updates from the past year including 471c 


• Evaluate different entity structures and issues


• Outline how to get started in the niche