Live Webcast
Mellow Money: A Virtual Cannabis Tax Conference
This virtual CPE conference dives deep into one of the most dynamic and rapidly evolving areas of tax law—the cannabis industry. After just four hours, you’ll walk away a world-class expert on keeping cannabis businesses compliant and thriving.
$129.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
4 Credits: Taxes
Course Level
Basic
Format
Live Webcast
Course Description
The cannabis industry is projected to reach nearly $450 billion dollars in revenue by 2030, making it one of the fastest-growing industries in the United States. In this cannabis taxation course, you’ll learn how to transform tax obstacles into strategic advantages and position yourself as an indispensable advisor to cannabis businesses, ensuring you don’t miss out on “the green rush.”
Learning Objectives
Upon completion of this session, you will be able to:
- Interpret and Apply IRC Section 280E: Analyze the limitations imposed by this critical tax code and develop strategies to legally maximize cost of goods sold deductions while maintaining compliance.
- Navigate Multi-Jurisdictional Tax Challenges: Identify and address the varying tax structures across states, including percentage-of-price, weight-based, and potency-based taxation systems.
- Implement Strategic Business Structures: Design entity structures that effectively separate cannabis and non-cannabis activities to optimize tax positions while mitigating risks.
- Develop Robust Compliance Systems: Create comprehensive record-keeping protocols that satisfy stringent IRS requirements and prepare businesses for potential audits.
- Analyze State-Specific Tax Requirements: Compare and contrast tax obligations across different state jurisdictions to advise clients on optimal operational locations and structures.
- Forecast Tax Implications: Project the financial impact of current and potential tax legislation on cannabis business operations and growth strategies.
- Optimize Labor Cost Allocations: Implement systems to accurately track and categorize labor activities to maximize allowable deductions under current tax restrictions.
- Anticipate Regulatory Changes: Evaluate proposed federal and state tax reforms to prepare clients for evolving compliance requirements and opportunities.
Course Specifics
LIVE-WEBCAST-426416
basic understanding of fundamental tax law concepts
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02702-25-O
IRS Federal Tax Law Credits: 4
CTEC Course Number: 2071-CE-2143
CTEC Federal Tax Law Credits: 4
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Live Webcast