CAN2010. Tax Compliance Issues and Planning Opportunities in the Cannabis Industry

This session will explore certain tax compliance issues in the cannabis industry, including the determination of costs of good sold and the deductibility of expenses for state tax purposes.  The session will also review various structuring and tax planning opportunities for eligible cannabis-related businesses, such as opportunity zones, R&D credits and choice of entity considerations.

Learning Objectives:

• To understand certain tax compliance challenges for cannabis-related businesses
• To review different structuring and tax planning opportunities in the cannabis industry
• To examine the outlook for legislative changes and the eligibility of cannabis business for CARES Act relief