Why Hire A Tax Attorney If You Are In U.S. Tax Court For IRC Sec. 280E? IRS Tax Audits in the cannabis industry can be quite tricky. We previously wrote a blog on appealing these audits. If you are involved in cannabis and dealing with an IRC Sec. 280E or other tax...
Can Cannabis Help People Who Suffer From Migraines? For those of us who regularly experience migraines, life carries unique challenges. Migraines are a recurring type of headache. They cause moderate to severe pain that is throbbing or pulsing. The pain is often on...
Could California Finally Get Cannabis Tax Reform? In a previous blog we reported that the California Department of Tax and Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis industry after conducting an analysis...
When Facing An IRS Tax Audit, How Do Marijuana Businesses Explain To IRS A Cash Stash Accumulated From The Past? With the proliferation of licensed cannabis businesses sprouting in the State Of California and a growing number of States, a lot of cannabis business will...
Riverside County Sheriff’s Office Releases Its Report Card On 2019 Illegal Cannabis Eradication Activity Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I...
Appealing An I.R.C. § 280E IRS Tax Audit While the sale of cannabis is legal in California as well as in a growing number of states, cannabis remains a Schedule 1 narcotic under Federal law, the Controlled Substances Act. As such businesses in the cannabis industry...
“Kushy Punch” Loses Its State Cannabis License For Engaging In Illegal Activity Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the...
California Raising Cannabis Taxes In 2020 The California Department of Tax and Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis industry under Emergency Regulation 3700 established a new category and tax rate...
Another Cannabis Business Hit Hard By I.R.C. Section 280E In U.S. Tax Court I.R.C. § 280E disallows all trade or business expense deductions for a cannabis business even though the cannabis business operates legally under state law. As more “280E Tax Audits” make...
Kern County Sheriff’s Office Seizes 10 Million Marijuana Plants In 11 Hemp Fields Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to...
