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Deep Dive into Cannabis Legalization & IRC 280E with Expert CPA Justin Botillier,

In this episode of Cannabis Legalization News, we delve into the complexities of IRC 280E in the tax code and its impact on cannabis businesses. Joined by Justin Botillier, CEO of Calyx CPA, we explore how this provision affects tax deductions and strategies to navigate these challenges. 

Justin shares his experience and insights on the cannabis tax landscape, including how businesses can benefit from 471C and other methodologies. This comprehensive discussion provides valuable information for cannabis operators seeking to understand and optimize their tax obligations. Don't miss this essential guide to cannabis taxation!

00:00 Introduction and Episode Overview
00:00 Introduction and Episode Overview
00:39 Meet the Expert: Justin Poitier
00:39 Meet the Expert: Justin Poitier
02:44 Understanding IRC 280E and Its Impact
02:44 Understanding IRC 280E and Its Impact
05:44 Navigating Tax Deductions and Strategies
05:44 Navigating Tax Deductions and Strategies
09:55 Challenges and Solutions for Cannabis Businesses
09:55 Challenges and Solutions for Cannabis Businesses
21:31 Essential Banking Tips for Cannabis Businesses
21:31 Essential Banking Tips for Cannabis Businesses
22:15 Navigating Cash Management and Bookkeeping
22:15 Navigating Cash Management and Bookkeeping
23:28 Understanding 280E and Its Implications
23:28 Understanding 280E and Its Implications
28:41 The Future of Cannabis Scheduling and Regulation
28:41 The Future of Cannabis Scheduling and Regulation
37:54 Practical Advice for Cannabis Companies Facing Tax Issues
37:54 Practical Advice for Cannabis Companies Facing Tax Issues

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