On-Demand

2 CPE Credits

Taxation of the Cannabis Industry

On-Demand
2 CPE Credits

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. | Content Provider: Hourani & Associates Inc | Instructor: Mary Jane Hourani

Learning Objectives

  •  Recall the historical view of U.S. taxation. 
  • Distinguish between industrial hemp and marijuana. 
  • Recall the definition of income as defined by I.R.C. §61. 
  • Apply the restrictions and limitations of §280E and §471. 
  • Examine state marijuana laws. 
  • Recognize the challenges of a cash-intensive business. 
  • Analyze relevant federal court cases.

Major Topics

  •  Industrial hemp vs. marijuana. 
  • Income definitions under I.R.C. §61. 
  • Tax code restrictions: §280E and §471. 
  • State-specific marijuana laws. 
  • Cash management in cannabis businesses. 
  • Federal court case analysis.

CPE Credits Available

2 CPE Credits
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Tax; Taxation

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors, Financial Professionals

Provider

CPA Crossings

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