• Recall legislative initiatives designed to ease restrictions imposed on the cannabis industry
• Identify federal laws and pronouncements that impact the accounting and tax treatments of cannabis growers, wholesalers, and retailers
• Recall why operators in the cannabis industry must pay specific attention to properly categorizing inventory and cost of goods sold
• Identify which internal control challenges small entities face when selling marijuana
• Identify critical Internal Revenue Code Sections that practitioners must be mindful of when servicing clients in the cannabis industry
• Recall non-deductible expenses attributable to cannabis entities resulting from federal law
• Identify various forms of state taxes imposed on cannabis related transactions
• Recall various forms of taxation and revenue by states which have legalized the sale of cannabis

Tax Year: 2023-2024