In the latest Tax Court opinion addressing the application of Section 280E to cannabis businesses there is no good news. However, there is some new guidance. In Patients Mutual Assistance
Continue Reading Section 280E Litigation Update: Harsh Results for Resellers
No Civil RICO Liability for Colorado Cultivator
In a long fought battle, a Colorado cannabis cultivation operation won its battle against an adjacent property owner when a jury found on Wednesday that the operation of a marijuana
Continue Reading No Civil RICO Liability for Colorado Cultivator
IRS May Seize and Sell Equipment Used in a Cannabis Business, but Should Deep Clean First
Head over to the Tax Controversy Sentinel to read my post about IRS efforts to sell equipment seized from cannabis companies.
Continue Reading IRS May Seize and Sell Equipment Used in a Cannabis Business, but Should Deep Clean First
IRS Audits of Cannabis Companies and the Importance of Documentation
Today, the Tax Court issued its opinion in Feinberg v. Commissioner, a case involving an ongoing and hard fought battle between the IRS and a medical marijuana dispensary, Total
Continue Reading IRS Audits of Cannabis Companies and the Importance of Documentation
Tenth Circuit Gives Landowner Green Light for Private Right of Action against Adjacent Marijuana Growers
In a recent ruling, the Tenth Circuit addresses multiple controversies where private citizens, sheriffs and county attorneys, and neighboring states brought several suits attempting to limit or interfere with Colorado’s
Continue Reading Tenth Circuit Gives Landowner Green Light for Private Right of Action against Adjacent Marijuana Growers
Don’t Ignore These Crucial Tax Issues When Setting Up Your Marijuana Business
Tax and accounting issues you should not ignore when setting up your marijuana business:
- The Trouble with Cash Based Businesses
- Internal Controls – any cash based business is closely scrutinized
Continue Reading Don’t Ignore These Crucial Tax Issues When Setting Up Your Marijuana Business