On Tuesday, November 3, 2015, Husch Blackwell will host a seminar on Section 280E tax deductions and best practices for cannabis businesses. Section 280E forbids businesses from deducting otherwise ordinary business expenses (advertising expenses, insurance, employee wages, etc.) from gross income associated with the “trafficking” of Schedule I or II substances. The IRS has subsequently applied Section 280E to state-legal cannabis businesses, since cannabis is still a Schedule I substance under the Controlled Substances Act.
The program will include a brief legal review and practical tips on what cannabis companies do to mitigate tax liability. Failure to be up to date on best practices can create risk and result in penalties and other consequences that can impact your bottom line. This program, geared toward cannabis business owners, will provide tools to help prevent problems for your business.
Date, Time and Location
Tuesday, November 3, 2015
4:00 pm – registration, 4:15 pm – program, 4:45 pm networking reception
Husch Blackwell, Wells Fargo Building, 1700 Lincoln Street, Suite 4700, Denver, CO 80203
Presenters
Steve Levine, partner and cannabis attorney, Husch Blackwell
Brett Harris, president, founder and head consigliere, Consigliere Inc.
Who Should Attend
Cannabis business owners, compliance managers, officers, directors, entrepreneurs, investors and landlords. If you’re interested in more information, please contact Steve Levine or REGISTER HERE.