EVENT DESCRIPTION
The cannabis industry is projected to reach nearly $450 billion dollars in revenue by 2030, making it one of the fastest-growing industries in the United States. In this cannabis taxation course, you’ll learn how to transform tax obstacles into strategic advantages and position yourself as an indispensable advisor to cannabis businesses, ensuring you don’t miss out on "the green rush." From the harsh restrictions of IRC Section 280E to the labyrinth of state and local tax regulations, cannabis businesses face taxation challenges unlike any other industry. Through real-world case studies, expert insights, and practical applications, you’ll develop the specialized knowledge needed to guide clients through this high-growth sector’s unique tax landscape without letting their profits go up in smoke. Whether your clients are established cannabis enterprises or entrepreneurs looking to enter this buzzing market, this conference equips you with the tools to provide value-added tax guidance that can dramatically impact their bottom line. Don’t miss this opportunity to expand your expertise in one of the most lucrative and complex niches in taxation today.
EVENT OBJECTIVE
Upon completion of this session, you will be able to: Interpret and Apply IRC Section 280E:Analyze the limitations imposed by this critical tax code and develop strategies to legally maximize cost of goods sold deductions while maintaining compliance. Navigate Multi-Jurisdictional Tax Challenges:Identify and address the varying tax structures across states, including percentage-of-price, weight-based, and potency-based taxation systems. Implement Strategic Business Structures:Design entity structures that effectively separate cannabis and non-cannabis activities to optimize tax positions while mitigating risks. Develop Robust Compliance Systems:Create comprehensive record-keeping protocols that satisfy stringent IRS requirements and prepare businesses for potential audits. Analyze State-Specific Tax Requirements:Compare and contrast tax obligations across different state jurisdictions to advise clients on optimal operational locations and structures. Forecast Tax Implications:Project the financial impact of current and potential tax legislation on cannabis business operations and growth strategies. Optimize Labor Cost Allocations:Implement systems to accurately track and categorize labor activities to maximize allowable deductions under current tax restrictions. Anticipate Regulatory Changes:Evaluate proposed federal and state tax reforms to prepare clients for evolving compliance requirements and opportunities.
