Cannabis News

Cannabis Industry Update: IRC 280E, Cannabis Business Taxes, Cannabis Licensing (June 2020)

In our monthly cannabis industry update, we talk about many topics including cannabis business taxes, cannabis industry news, and take questions from the live attendees.
A list of all the cannabis questions and topics are below:

Upcoming Federal & State Income Tax Deadline Info (work with Cannabis CPA ) (1:10)
CDTFA guidance on taxes for stolen cannabis from looters (1:34)
Updates on the Harborside Tax Court case (5:52)
$2MM tax penalty for being 1-day late with mailing (8:17)
Louisiana expands medical cannabis for patients (10:32)
BIG NEWS: Los Angeles Licensing Update for Dispensaries & Deliveries (11:51)
California Delivery Lawsuit Updates (17:36)
Updates on Illicit Markets for cannabis (21:01)
Los Angeles Potentially Defunding Cannabis Enforcement to $0 (21:46)
CA Governor reduces cannabis sales expectations by 27% for the next 12 months (24:34)
I’m in Michigan & want to start small, then scale up my grow operation…what should I do? (31:01)
How can I test my cannabis cultivation skills before getting licensed? (34:21)
Exporting Cannabis From Canada up 500% (38:21)
I want to start a hemp processing business, how do I start relationships with hemp farmers? (40:03)
How do I get ahead of the curve before my state/country starts licensing for cannabis? (45:2)
I’ve read that some states say we do not need to adhere to IRC 280E, but Federal taxes we do. Can you help me understand what to do with cannabis cogs? (47:41)
How do I start a bookkeeping business in the cannabis industry? (49:47)
Should I take on a private for my cannabis company or only offer equity to this person? They are a family member if that makes any difference. (52:41)
3 Debt vs. Equity Investment Scenarios – cannabis funding & cannabis business loans (cannabis licensing, scaling, working capital) (56:11)
Updates on the SAFE Banking Act (1:03:01)

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