Cannabis Law

FastTrack

Cannabis Taxation Update

Credits Available
Credit Status Total
Alaska CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Idaho CLE Approved 1 Total
Illinois CLE Approved 1 Total
Louisiana CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Montana CLE Approved 1 Total
North Dakota CLE Upon Request 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Upon Request 1 Total
Pennsylvania CLE Approved 1 Total
Rhode Island CLE Upon Request 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
OnDemand
1 hour
Mark Leeds
Michael Harlow
With Mark H. Leeds from Pillsbury Winthrop Shaw Pittman LLP + 1 other
Recorded August 19, 2024.
Product ID 99456

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Overview

The Latest Regulations, Case Law, and Legal Strategies

Taxation has been one of the main hurdles cannabis related businesses (CRBs) have to overcome. Current federal efforts to reschedule marijuana seem like the light at the end of the tunnel. This focused legal update addresses the latest on the realities of operating as a cash-based business and offers tax compliance tips and tax planning techniques in the cannabis industry. Help clients comply now and prepare for the potential changes - register today!

  • Consider how IRC Section 280E has been applied to the detriment of cannabis businesses.
  • Acquire practical strategies to reduce tax burdens while still complying with state and federal tax rules.
  • Learn how to advise businesses considering contracting with or lending to CRBs.
  • Hear about recent court activity and consider how it might impact the future of marijuana tax law.

Abbreviated Agenda

  1. IRS Section 280E Tax Reporting and Limitation on Deductions
  2. Rescheduling Efforts and Their Potential Impact
  3. Tax Impact of Entity Choice
  4. Case Law Updates
  5. Current Tax Planning Tactics

Related Topics

Product ID 99456

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Iowa CLE Upon Request 1 Total
Idaho CLE Approved 1 Total
Illinois CLE Approved 1 Total
Louisiana CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Montana CLE Approved 1 Total
North Dakota CLE Upon Request 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Upon Request 1 Total
Pennsylvania CLE Approved 1 Total
Rhode Island CLE Upon Request 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Cannabis Taxation Update

    1. IRS Section 280E Tax Reporting and Limitation on Deductions
    2. Rescheduling Efforts and Their Potential Impact
    3. Tax Impact of Entity Choice
    4. Case Law Updates
    5. Current Tax Planning Tactics

Who Should Attend

This legal update is designed for attorneys. Accountants, tax professionals, enrolled agents, banking professionals, and paralegals may also benefit.

Speakers

Mark H Leeds
Mark H.
Leeds
Pillsbury Winthrop Shaw Pittman LLP
Michael D Harlow
Michael D.
Harlow
CohnReznick LLP
Speaker bio
Mark H Leeds

Mark H. Leeds

Pillsbury Winthrop Shaw Pittman LLP
Mark Leeds

is a tax partner at the law firm of Mayer Brown. His professional practice focuses on the tax consequences of a variety of capital markets products and strategies and emerging asset classes, including over-the-counter derivative transactions, swaps, tax-exempt derivatives and working with credit funds, offshore insurance companies, cannabis businesses and hedge funds. Prior to joining Mayer Brown, Mr. Leeds was a partner at another International law firm, served as a Managing Director at Deutsche Bank, general counsel of a credit derivative company and, prior to that, he was a partner at Deloitte, where he led the Capital Markets Tax Practice. Mr. Leeds earned his B.A. degree from State University of New York at Binghamton, his J.D. degree from Boston University School of Law and his LL.M. in taxation from New York University School of Law.

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Speaker bio
Michael D Harlow

Michael D. Harlow

CohnReznick LLP
Michael Harlow

is a CPA, office managing partner, and managing partner with CohnReznick LLP. He has more than 19 years of experience in public accounting serving clients in attestation, accounting, and tax advisory roles. In addition to leading the cannabis practice, Mr. Harlow serves as co-practice director for the DC metro tax practice. He has extensive experience across multiple real estate-related industries including homebuilding, land development, residential management, commercial management, and land engineering. Within the Cannabis industry, Mr. Harlow advises clients throughout the supply chain ranging from independent operators to vertically integrated operators in the largest legal cannabis markets in the country. Additionally, he serves as a practice leader in the firm's hospitality practice, where he works with privately-owned hotel and restaurant companies. Mr. Harlow is a certified public accountant in the state of Maryland. He earned his B.S. degree in accounting from North Carolina State University and his Master of Accounting from North Carolina State University.

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