The Mindfulness Experience Podcast: IRS, 280E & Psychedelics

In this episode of The Mindfulness Experience Podcast, host Keith Fiveson interviews Justin Botillier, CEO of Calyx CPA LLC, who has extensive experience working with small business owners and is a passionate advocate for the cannabis and psychedelic industries.

About the Discussion

As a member of the psychedelic community, Justin is committed to assisting businesses in Oregon's burgeoning psilocybin industry in navigating the financial implications of the 280E provision. The conversation covers the unique tax challenges facing psilocybin service centers and how operators can prepare for an evolving regulatory environment.

Key Topics

The episode explores the intersection of IRS Section 280E and the emerging psychedelics industry, including practical strategies for tax planning, entity structuring, and compliance considerations that psilocybin businesses need to understand as the legal landscape continues to develop.

Whether you are already operating in the psychedelics space or exploring opportunities in this growing industry, this episode provides foundational knowledge on the financial and tax considerations that every operator should be aware of.