Manufacturing & Distribution Blog

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)?

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.

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.

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.

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.

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.

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…

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…

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…