Cannabis Tax and Section 280E: Threat or Menace? (Webinar)
Cannabis enterprises can face effective tax rates of 60-80% as a result of Section 280E disallowance of deductions. The implications of section 280E will be discussed as well as planning strategies. A number of important issues about 280E remain open, and the IRS position on some of them appears to be evolving as a result of the current 9th Circuit case, Patients Mutual Assistance Collective Corporation v. Commissioner. This case (also known at the Harborside case) will be discussed by Harborside’s counsel, James Mann.
- October 19, 2020
- 12:00 PM
- 1:15 PM
- Virtual Participation
- Committee on Continuing Legal Education
- Cannabis Law Section