Manufacturing & Distribution Blog

Blogs November 12, 2020 The Cannabis Industry and the Tax Treatment of Inventory

This article takes a look at the question: Are cannabis companies that are considered ‘small businesses’ eligible to make a tax election to immediately expense their inventory under IRC Sec. 471(c)?

Blogs November 05, 2020 New Jersey Votes to Approve the Legalization of Adult Use Recreational Cannabis

On November 3, New Jersey voted in favor of legalizing adult use recreational cannabis. Now to establish rules, regulations and implementation details regarding the industry.

Blogs October 26, 2020 New Jersey to Vote on Legalizing Recreational Cannabis

On November 3, New Jersey’s ballots will contain a measure regarding the legalization of recreational use of cannabis. This article takes a brief look at what that may mean for New Jersey as well as the surrounding states.

Blogs October 05, 2020 IRS Releases Cannabis Industry Web Page

In response to a recent report issued by the Treasury Inspector General for Tax Administration, the IRS recently released a cannabis industry landing web page complete with GAQs related to tax and cash receipt reporting requirements.

Blogs September 21, 2020 Alternative Financing for Cannabis Operators: Opportunities in Sale-Leaseback

A sale-leaseback (neither debt nor equity financing; it’s more like a hybrid debt product) may be an attractive financing option for cannabis operators.

Blogs September 09, 2020 Real Estate Investment and the Cannabis Industry

A recent article took a look at some of the issues commercial real estate investors are examining surrounding the cannabis industry and included some insights.

Blogs June 04, 2020 California Cannabis Company Denied Deductions by the Tax Court

The U.S. Tax Court recently published its opinion, Richmond Patients Group, T.C. Memo. 2020-52, holding that Richmond was subject to IRC Sec. 280E as a reseller and not a producer. This article examines that decision and its ramifications on the indu…

Blogs November 07, 2019 California Passes Cannabis Tax Fairness Bill

A discussion of California Assembly Bill No. 37 exempts commercial cannabis businesses from the provisions of IRC Sec. 280E, allowing California cannabis business owners operating as a sole proprietorship or partnership additional state tax deduction…

Blogs August 14, 2019 New Jersey Expands Medical Cannabis Program

Analysis of Jake Honig Compassionate Use Medical Cannabis Act (the Act) and how it expands access as well as reduces taxes for medical cannabis in New Jersey. The Act has established a five-member Cannabis Regulatory Commission to oversee the program…