Date: February 5 , 2025  

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 90 minutes

Description:

Navigating the complexities of cannabis taxation can be a challenging task, particularly for small business consultants and tax professionals. While more states continue to legalize cannabis, the federal government still classifies its sale as illegal, presenting unique challenges for those in the cannabis industry. Understanding the tax regulations that govern cannabis businesses is essential for providing accurate and valuable advice to your clients. Are you ready to navigate these complexities and help cannabis businesses thrive?

As cannabis legalization expands across the country, consultants must stay informed about the nuanced tax implications that affect both retailers and manufacturers. Businesses in this sector often face tough questions regarding the deductibility of expenses and compliance with specific Internal Revenue Code provisions. For new enterprises, the situation is even more complex, as they may function as both retailers and manufacturers, introducing additional layers of complexity.

Learning Objectives

• Recognize the primary tax implications for cannabis businesses.
• Analyze the deductibility of expenses for cannabis retailers.
• Assess the tax obligations specific to cannabis manufacturers.
• Examine compliance challenges for businesses with dual functions.
• Understand reporting requirements for cannabis-related expenses.

Credits and Other information:

• Recommended CPE credit – 1.5
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 90 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Tony Curatola

Dr. Curatola is the Joseph F. Ford Professor of Accounting at Drexel University in Philadelphia. He is the Tax Column Editor for Strategic Finance since 1992. He has served as the editor of the Journal of Legal Tax Research and currently serves on the editorial review board of several journals, and has held a variety of leadership positions, including current national service with the Institute of Management Accountants. He has published over 250 articles in journals including Journal of Financial Services Professionals, Journal of the American Taxation Association, Journal of Forensic & Investigative Accounting, Oil, Gas, & Energy Quarterly, and Tax Notes to name a few. Dr. Curatola was a co-editor on IRA Answer Book by Wolters Kluwer and author of the EA Review course for Surgent Publishers. Dr. Curatola externally funded research findings have appeared in media such as Forbes Magazine, The Washington Post, The Wall Street Journal, The New York Times, and other media outlets.