Send us a textDeep Dive into Cannabis Legalization & IRC 280E with Expert CPA Justin Botillier,In this episode of Cannabis Legalization News, we delve into the complexities of IRC 280E in the tax code and its impact on cannabis businesses. Joined by Justin Botillier, CEO of Calyx CPA, we explore how this provision affects tax deductions and strategies to navigate these challenges. Justin shares his experience and insights on the cannabis tax landscape, including how businesses can benefit from 471C and other methodologies. This comprehensive discussion provides valuable information for cannabis operators seeking to understand and optimize their tax obligations. Don't miss this essential guide to cannabis taxation!00:00 Introduction and Episode Overview00:00 Introduction and Episode Overview00:39 Meet the Expert: Justin Poitier00:39 Meet the Expert: Justin Poitier02:44 Understanding IRC 280E and Its Impact02:44 Understanding IRC 280E and Its Impact05:44 Navigating Tax Deductions and Strategies05:44 Navigating Tax Deductions and Strategies09:55 Challenges and Solutions for Cannabis Businesses09:55 Challenges and Solutions for Cannabis Businesses21:31 Essential Banking Tips for Cannabis Businesses21:31 Essential Banking Tips for Cannabis Businesses22:15 Navigating Cash Management and Bookkeeping22:15 Navigating Cash Management and Bookkeeping23:28 Understanding 280E and Its Implications23:28 Understanding 280E and Its Implications28:41 The Future of Cannabis Scheduling and Regulation28:41 The Future of Cannabis Scheduling and Regulation37:54 Practical Advice for Cannabis Companies Facing Tax Issues37:54 Practical Advice for Cannabis Companies Facing Tax IssuesSupport the showGet our newsletter: https://bit.ly/3VEn9vu

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