While investing in the Cannabis industry can be a lucrative endeavor, it comes with a unique set of risks to understand and consider.
As long as cannabis is federally labeled a Schedule 1 substance, the restrictions of Section 280E on tax deductions will apply. Add to this the intense IRS scrutiny around the few tax strategies available to the industry, the extra accounting and compliance costs, and other financial burdens, and it is clear that careful planning and strategies are essential to making this investment pay off.
Join Grassi’s Cannabis practice and GreenWave Advisors as our industry tax professionals, Zach Gordon and Dorothy McAuliffe, participate in a virtual CPA roundtable on Tuesday, October 20 at 2-3:00 p.m. EDT. We will cover the latest on what you need to know to maximize returns and mitigate risk in your Cannabis investments.
Date: Tuesday, October 20
Time: 2:00p.m. – 3:00p.m. EDT