The IRS’s Office of Chief Counsel recently published a memorandum providing information for cannabis companies struggling to comply with the completion of Form 8300, which must be filed every time
Continue Reading IRS Issues New Guidance for Cannabis Companies That Receive Over $10K in CashJennifer Benda, a Partner in Fox’s Denver, CO office, is an experienced tax attorney who handles tax controversy and income tax planning and compliance matters. She has significant experience
Continue Reading Tenth Circuit: No Fifth Amendment Defense to the Application of Section 280E
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
Nevada legalized the recreational adult-use of marijuana on July 1, 2017 and the state has generated millions in tax revenue as a result. Nonetheless, the Nevada Regulation and Taxation of
Continue Reading Nevada To Begin Accepting Recreational Retail Marijuana Establishment Applications Sooner than Expected
For the latest analysis of the implications of IRC 280E, check out this blog from Jennifer Benda.
Continue Reading So Why Should You Care About 280E
Jennifer Benda wrote a recent blog on tax controversy in the cannabis business space. This is an important issue for anyone in the business. Check it our here.
Continue Reading Tax Controversy For Cannabis Businesses
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
In advance of a Senate Judiciary Committee hearing held June 19, 2017, New Jersey State Senator Nick Scutari released the text of Senate, No. 3195, or SB 3195, the long-awaited
Continue Reading Marijuana Legalization Moves Forward in New Jersey
See my posts here, here, and here regarding the Florida Legislature’s efforts to pass laws to implement Amendment 2 (medical marijuana passed by Florida’s voters in November 2016).
Continue Reading Clock Runs Out on Medical Marijuana in the Florida Legislature
With time running out in the session, Florida’s Senate passed SB 406 (regulations to implement Amendment 2) late last night. Now, the Florida Senate and House need to work out
Continue Reading Trying to Beat the Buzzer – Florida Senate Passes Medical Marijuana Bill