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Do You Speak Cannabis Business Lingo?

by Brian S. Whalen, CPA December 03, 2018 § 280E, Accounting, Cannabis, COGs, Cost Accounting, GAAP, IRS, Tax

  This post lays out the blueprint for minimizing the taxes your cannabis business will pay under § 280E.  Less

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#CannabisCourt Update: Harborside vs. IRS

by Brian S. Whalen, CPA November 30, 2018 § 263A, § 280E, § 471, #CannabisCourt, California, Cannabis, Tax

The Harborside v. Commissioner (of the IRS) decision came down yesterday as a Tax Court Opinion, meaning it is binding

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Does 280E Apply to CBD?

Does §280E apply to CBD?

by Brian S. Whalen, CPA October 11, 2018 § 280E, Accounting, Cannabis, CBD, Tax

Question: Does §280E apply to CBD? Answer: CBD is subject to §280E because the DEA says its Schedule I (most

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DEA Finally Acknowledges CBD’s Medicinal Value

by Brian S. Whalen, CPA September 28, 2018 Accounting, Cannabis, CBD, DEA, Tax

Open the flood gates!? In a major development, on September 27th, 2018, the DEA lowered a lone CBD medicine (Epidiolex)

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