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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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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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Cannabis CEOs: Be Aware of this IRS Audit Guide

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

The IRS’s Cash Intensive Business Audit Techniques Guide (ATG) Many cannabis touching businesses operating or having operated in the past

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