Tag: Taxation

The Taxation of Legal Cannabis Part 2 – Cost of Goods Sold

Last week I introduced the conflict between federal income tax law and state-sanctioned cannabis enterprises here and here. In brief, the Internal Revenue Code (“Code”) section 280E proscribes state-sanctioned...
- December 16th, 2015 at 2:04 pm

The Taxation of Legal Cannabis Part 1

Mike Parnes, Attorney at Barth Daly LLP With the recent legalization of recreational cannabis sales in Alaska, Colorado, Oregon, and Washington, the writing is on the wall for the...
- December 11th, 2015 at 3:03 pm