Description
This course offers a comprehensive exploration of the cannabis industry, delving into essential topics such as cannabis regulations, business models, financial management, and ethical considerations. A key focus is on distinguishing between Marijuana and Industrial Hemp, including their respective tax treatments. Participants will gain a thorough understanding of the unique challenges and opportunities within the cannabis sector, covering federal and state tax implications, licensing requirements, and market trends.
Major Topics
Section 280E restrictions and planning opportunities
Cost of goods sold strategies under federal law
Common state taxation models: price, weight, and potency-based
Choosing the right entity: C corps, LLCs, and management companies
Recordkeeping best practices to avoid IRS scrutiny
State-specific compliance and reporting challenges
Labor cost allocation under IRS rules
Learning Objectives
Distinguish between Marijuana & Industrial Hemp
Review of I.R.C §280E Limitations
State Marijuana Laws
Cash-intensive business
Discuss Federal Case Law
To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.
A course evaluation form is provided for your feedback. Participants have 1 year from the date of purchase/enrollment to complete this course.
Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/
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