Join the Webinar: Tax Strategies for Cannabis Operators

The financial landscape for cannabis operators remains fraught with risk, primarily driven by the severe limitations of IRC Section 280E. As the industry anticipates the potential impacts of federal rescheduling, understanding the current and future tax implications is critical for survival and strategic planning.

Failure to navigate these complexities can expose your business to significant financial penalties and compliance failures. An upcoming webinar will provide a detailed analysis of the tax challenges facing cannabis businesses and present actionable strategies for mitigating risk.

The discussion will focus on areas, including:

• Risk vs. Reward: Evaluate the risks and rewards of challenging 280E and amending prior tax returns to claim refunds ahead of rescheduling.
• Key Legal Precedents: Review the New Mexico Top Organics (Ultra Health) Tax Court petition and discuss the status and implications of the Canna Provisions Inc. case arguing the unconstitutionality of 280E.
• The Schedule III Question: Examine whether 280E still applies under the tax code in light of the HHS/FDA Schedule III recommendation.
• Strategic Tax Filings: Assess the value of submitting protective refund claims and outline the statutes of limitation for amending returns.
• Rescheduling Impacts: Explore the potential effects of federal rescheduling, particularly on banking and financial access within the cannabis industry.

This session is designed to equip operators with the critical information needed to navigate the existing tax code and prepare for potential regulatory shifts.