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. Additionally, we’ll discuss accounting best practices to keep your clients out of trouble, while correctly minimizing their tax burden. 

Learning Objectives:

• Recall the important provisions of 280e, 471a, and sub provisions and how to correctly apply both GAAP and Tax, particularly for retailers 


• Identify important tax codes and how to navigate them 


• Give examples of key court cases and what that means for Cannabis companies


• Evaluate complex legal entity structures and recognize other “games” to avoid


• List all the systems and tools you will need