State Taxation of Cannabis: Interplay With Federal Taxation, Recent Cases and State Initiatives
Mitigating Sales, Growers, and Excise Taxes
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will address the state taxes imposed by states that have legalized/decriminalized cannabis and the interplay between federal and state tax treatment of businesses in the flourishing cannabis industry. Our panel will review current developments and explain the taxing regimes in individual states.
- Cannabis, an overview
- Federal taxation
- State taxation
- Choice of entity
- Court cases
- Best practices
The panel will review these and other essential issues:
- What states have legalized cannabis?
- How is cannabis taxed in states that have legalized the substance?
- What is the difference in tax treatment for medical and recreational use?
- At what point and to which type of businesses are taxes on cannabis imposed?
- What steps can practitioners take to mitigate the many taxes imposed on cannabis providers?
Mr. Capdevielle has been developing sophisticated tax planning strategies and resolving tax disputes for clients more... | Read More
Mr. Capdevielle has been developing sophisticated tax planning strategies and resolving tax disputes for clients more than two decades. As lawyer, accountant, longtime instructor and adjunct professor, Mr. Capdevielle formulates strategies to utilize the ever-changing array of federal and state tax laws – and relevant treaties – to clients’ benefit. This includes comprehensive counsel to businesses adapting to sweeping tax law changes enacted in 2017, and ongoing work with business owners and other individual taxpayers seeking to preserve assets through trust and estate planning.Close
Director of Practice Group and Business Development
Ms. Prehn's experience with tax controversy matters includes audits, foreign tax disputes, criminal investigations,... | Read More
Ms. Prehn's experience with tax controversy matters includes audits, foreign tax disputes, criminal investigations, and SEC matters. She has also been involved with matters related to partnership dissolution, business torts, breach of contract, bankruptcy, and malpractice litigation.Close