Skip to main content

Cannabis Industry Accounting

471(c) & 280E

Most business owners in the cannabis industry know of 280E and have at least a basic understanding of what it is. If 280E is still a mystery, one only needs to “Google it” to find information about it and its potential impact on a business’s tax liability. What isn’t commonly available is informa…

280E and Proper Business Structures

Businesses subject to Internal Revenue Code Section 280E must choose their business structure carefully. In this article, I will describe the pros and cons of each structure, and provide recommendations for specific business types within the cannabis and psilocybin industry.