With cannabis still deemed illegal under federal law and very little guidance being offered by the IRS, tax planning for state-level cannabis businesses often comes down to how much risk the company is willing to tolerate, according to panelists at the Foundation for Accounting Education’s 2019 Cannabis Conference. John Pellitteri, Grassi Partner and Healthcare, Cannabis and Accounting Services Leader, participated in the November 6th panel, which addressed this important topic and other unique taxation issues in the cannabis industry.
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