If you've been in the cannabis industry for any amount of time and have a business that touches the plant in any way, you likely already know about Internal Revenue Code Section 280E, uggh.
So, this week we’re gonna get down and gritty with this most frustrating, most impactful, and most misunderstood aspect of accounting and finance for cannabis companies: the dreaded 280E. But, don't worry.
In this episode, Chip will discuss the background behind it, demystify things, and give you the roadmap for how to legally "beat" IRC 280E.
Plus, we've got our "News of The Day" segment.
What to listen to next:
Episode 07 - How to Build and Sell Your Cannabusiness Like A Boss
Episode 10 - The 5 Things You Absolutely Must Do Before You Even Think About Selling Your Company
Want to "beat" 280E, send an e-mail to firstname.lastname@example.org with "280E" in the subject line and let's discuss how to do it the right way.
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Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.