Until the SAFE Banking Act passes at a federal level, or until federal legalization happens, cannabis operators will have to face the reality of 280E Federal Tax Code.
Join our joint webinar with Cadieux and Associates as we discuss everything cannabis operators need to know to be successful this tax season.
In this on-demand cannabis tax webinar, you will learn:
Section 280E and how it affects your business
How adding an additional business can maximize your deductions
Accounting solutions that will increase visibility and compliance
Section 280E makes it impossible for cannabis businesses to deduct expenses related to the production, distribution, or sale of cannabis, which is still considered a Schedule I controlled substance in the United States.
There are plenty of factors to consider when filing taxes for your cannabis business and navigating Section 280E. Deadlines and extensions, quarterly projections, and contemporaneous bookkeeping are just some of the factors that operators must consider heading into tax season. While it can certainly be daunting at first, the right resources can make all the difference in not only understanding Section 280E, but getting the most out of your cannabis tax returns.
With a combination of legal advice from our friends at Cadieux and Associates, to an overview of how your build-in seed-to-sale functionality can help navigate Section 280E, this webinar is a must-watch for new and growing cannabis operators.