Rachel Gillette | Source | Chair of the Cannabis Law practice at Greenspoon Marder
Rachel Gillette
A leading cannabis-focused lawyer, Rachel helps clients nationwide proactively plan and implement strategies to capitalize on strategic business opportunities.
At the vanguard of the marijuana industry, Rachel leverages more than a decade of experience guiding clients to establish, expand, and protect profitable businesses in a rapidly-evolving legal, regulatory, and financial environment.
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I think they understand how silly it is. It’s this big mess.
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We all understand that the problem with taxation of cannabis businesses is primarily 280E, which is a very punitive tax provision of the Internal Revenue Code, which essentially punishes cannabis businesses with much higher tax rates as a result of them being engaged in “trafficking of a Schedule I controlled substance.” Now, over the years, I’ve seen many different kinds of recommendations by CPAs, attorneys, financial advisers, etc., that seek to minimize the tax effects of 280E.
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Pot Company to Take the IRS to Court Over Drug War-Era Policy
Harborside Inc., which went public on Canada’s stock exchange earlier this year, plans to appeal its November 2018 Tax Court ruling, the official decision and penalties for which should come any day now, according to the company’s counsel.
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Greenspoon Marder
Chair of the Cannabis Law practice -
Holland & Hart law firm
Cannabis Attorney