Holland & Hart LLP’s Post

When and How 24 States Legalized Adult-Use Cannabis in the US: A full breakdown of which states legalized through ballot measures versus legislative action and their tax structures, including the most recent to join the list - Ohio. https://bit.ly/467aJhg #cannabislegalization

To all my Michigan licensed cannabis growers out there in LinkedInLand, please take a look at this timely post by my most excellent partners Lance Boldrey, Carl Rashid Jr, Mark Magyar, and John Fraser about property tax reclassification in advance of Michigan's annual property tax assessment process. The upshot is that depending on your circumstances, this may be an "opportunity to pursue substantial property tax savings." #cannabislaw #taxlaw #propertytax #cannabiscultivation #cannabisnews #cannabis https://lnkd.in/dxYqpQMJ

Are you struggling with the complexities of tax returns due to Section 280E? You're not alone. Join us for a crucial webinar featuring Justin Botillier, CEO and Partner, and Jamie Jorgenstone, CPA and Partner at Calyx CPA. Dive deep into the specific challenges cannabis businesses face with tax amendments and refunds. 📅 What We Cover: - The potential impacts of cannabis rescheduling. - The constitutionality of the Controlled Substances Act in state-regulated markets. - Practical advice on managing audits and leveraging legal precedents. This session is a must for cannabis business owners and legal professionals looking to optimize their tax strategies and potentially reclaim lost refunds. Gain expert insights into how past court decisions and the current legal landscape could enhance your ability to recapture deductions lost to 280E. Don’t miss out on the opportunity to transform your approach to cannabis taxation and ensure your business is leveraging every possible advantage. 👉 Reserve your spot at our next session today! #CannabisIndustry #TaxStrategy #BusinessWebinar #CannabisLaw #CalyxCPA https://vist.ly/34s4i

Understanding the differences between state and federal regulations is crucial for cannabis businesses to navigate the legal and tax landscape they operate in. This includes considerations of taxation structures, allowable deductions, compliance challenges, and ongoing advocacy efforts. ✨ #280E #IndivaAdvisors #CannaCPA

#Congressional research predicts that high #federal #cannabis #tax would harm legal industry and help #illicit market https://ow.ly/w79m50Q6uJC

Are you struggling with the complexities of tax returns due to Section 280E? You're not alone. Join us for a crucial webinar featuring Justin Botillier, CEO and Partner, and Jamie Jorgenstone, CPA and Partner at Calyx CPA. Dive deep into the specific challenges cannabis businesses face with tax amendments and refunds. 📅 What We Cover: - The potential impacts of cannabis rescheduling. - The constitutionality of the Controlled Substances Act in state-regulated markets. - Practical advice on managing audits and leveraging legal precedents. This session is a must for cannabis business owners and legal professionals looking to optimize their tax strategies and potentially reclaim lost refunds. Gain expert insights into how past court decisions and the current legal landscape could enhance your ability to recapture deductions lost to 280E. Don’t miss out on the opportunity to transform your approach to cannabis taxation and ensure your business is leveraging every possible advantage. 👉 Reserve your spot at our next session today! #CannabisIndustry #TaxStrategy #BusinessWebinar #CannabisLaw #CalyxCPA https://vist.ly/34s4s

How Does the Tax Revenue from Marijuana Sales Help Your Community? Schools, Road Repair, Treatment Centers and More! A deep dive into how Colorado's marijuana sales taxes are going to help the community. 👫 💰 🌿 https://lnkd.in/dMF7RTPV #Cannabis #Legalization #Taxes #Alloocations #Colorado

Current Tax Issues Facing The Cannabis Industry As cannabis continues to be classified as a Schedule 1 controlled substance, the cannabis industry continues to be subject to the punishing provisions of Internal Revenue Code section 280E. Because of this, cannabis businesses are unable to deduct ordinary and necessary business expenses and cannot qualify for tax credits. And the Internal Revenue Service aggressively polices cannabis businesses' compliance with section 280E. In this video, we discuss the IRS' specialized attorneys who focus on cannabis tax enforcement. We also discuss the many failed attempts to escape the strictures of section 280E through litigation. And the potential avenues that cannabis businesses can take to productively handle tax controversies with the Internal Revenue Service. #kimandrosadollp #taxlawyer #taxes #tax #cannabis #cannabisdispensary #cannabisgrowers #wealthmanagement #investmentstrategies #taxtime #taxfree #taxpreparer #taxreturn #taxprofessional #wealthbuilder #taxplanning #wealthyminds #investmenttips #taxtips #taxpreparation #taxprep #taxconsultant #taxservices #taxpro #taxlaw #wealthcreation #wealthymindset #cannabisindustry #taxcontroversy #IRS

Check out this Green Market Report article quoting Ice Miller LLP lawyers Amber Littlejohn and Daniel Corsaro on the DEA's decision to reschedule #cannabis, the potential timeline and how this could affect #tax filings. Read more here: https://ow.ly/me0i50S8vOH