07 Aug 2022
10:00 - 10:45
Meeting Room 125
Panel Session: Accounting for Hemp & Cannabis Businesses
The cannabis industry isn’t the easiest to get into, compete in or raise money. On top of those challenges, they are also obligated to pay an effective rate about 3.5% higher than a business in any industry. Simply because of the tax code 280E. This includes employee wages, technology, accounting rent, and more. The biggest challenge in complying with 280E tax laws is knowing how to maximize the deductions that are allowed in each taxable year.
Sharonda Myricks – “What is 280E & Best Strategies to Beat It”
Michelle Escalera – “The Key Take Aways of 471c for Cannabis Businesses”
Faye Glemaud – “Why Cost Accounting is a Must in the Cannabis Industry”
Desarie Anderson – “Beyond 280E: The Real Reason You Could Lose Your Cannabis License & How to Protect It”