Introduction to Multistate Tax Compliance Guest post by Mikhail Parnes of Murphy Austin Adams Schoenfeld LLP Among other notable outcomes, November 9, 2016, marked the American public’s steady attitudinal shift...

Analysis of COGS for Canna-Business Owners Guest post by Derek Davis, CPA Cost of Goods Sold (COGS) deductions can offer some substantial tax savings for your business, as the...

This article marks the end of this series’ emphasis on income tax. After introducing section 280E’s confiscatory effect, identifying the need for cannabis enterprise to maximize cost of goods...

I finished Part 2 of this series emphasizing section 280E’s principle force. Section 280E does not universally bar illegal commercial enterprises from deducting necessary and ordinary business expenses. Rather,...

Last week I introduced the conflict between federal income tax law and state-sanctioned cannabis enterprises here and here. In brief, the Internal Revenue Code (“Code”) section 280E proscribes state-sanctioned...

Mike Parnes, Attorney at Barth Daly LLP With the recent legalization of recreational cannabis sales in Alaska, Colorado, Oregon, and Washington, the writing is on the wall for the...