Overview

Marijuana Business Attorney Helping Clients Successfully Resolve Cannabis Corporate Tax Law Challenges

Cannabis businesses face tax challenges that no other businesses operating in the United States face, which is why it is imperative that corporations seek legal counsel with an experienced marijuana business attorney. 26 U.S.C 280E prevents businesses that are engaged in drug trafficking, including marijuana, from taking regular business deductions. 280E forces cannabis businesses to use specific accounting methods, makes them more likely to be audited and significantly raises the potential tax liability for cannabis operators. The experienced cannabis lawyers at Greenspoon Marder Cannabis Law Group can help you navigate through the myriad of tax issues your business will most certainly face.

Our marijuana law firm can help with:

  • Corporate structuring issues and entity formation decisions
  • Tax advice regarding 280E, accounting methods and cost of goods sold decision-making
  • Audit and tax controversy
  • White collar and tax crime representation

Navigating Complex 280E Tax Issues

Until the United States’ government excludes marijuana businesses from 280E, this is one of the biggest hurdles that operators face. It is extremely important to be thoughtful, from a tax perspective, about how your business is formed, understand clearly how to operate under 280E and have an experienced marijuana business attorney who you can reach out to if your business is audited or you are contacted by federal agents.

Contact a Marijuana Business Attorney for Assistance With Cannabis Taxes Matters

Business taxes can be extremely complex to navigate, let alone taxes for marijuana businesses. One small mistake can lead you to incur exorbitant IRS fines. If you need assistance regarding cannabis tax matters, Greenspoon Marder Cannabis Law Group is available to assist you. Contact us online or by phone at 888-491-1120 today to schedule a consultation with a marijuana business attorney at our cannabis law firm today.

Meet the Team