myCPE
myCPE

Essential Tax Consideration for Cannabis Business 1 Credit

Jan 27, 2025, 11:30 AM ET

Essential Tax Consideration for Cannabis Business 1 Credit

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Jan 27, 2025, 11:30 AM ET

Learning Objective

  • Discuss the tax challenges facing cannabis businesses, including the application of Section 280E of the IRS code.
  • Implement effective tax planning strategies to minimize tax liabilities while adhering to regulatory requirements.
  • Review IRS audits and inquiries confidently by implementing robust record-keeping practices and compliance measures.

Course Overview

Explore the tax landscape specific to cannabis businesses, focusing on strategies to minimize tax liabilities and navigate audits under Section 280E of the IRS code. This CE Course provides practical insights into optimizing tax strategies and maintaining compliance in the cannabis sector. Whether you're a tax professional or financial advisor, this session equips you with the knowledge and tools to navigate the complexities of cannabis tax laws effectively.

Major Topics Covered:

  • Overview of the Cannabis Industry
  • Navigating Section 280E
  • Optimizing Tax Strategies
  • Compliance and Record-Keeping
  • What If You Get Audited?

Join us in comprehensively understanding Section 280E and its implications for cannabis businesses, along with actionable steps to enhance tax planning and mitigate risks. Stay informed about regulatory changes and learn proactive approaches to manage tax obligations, positioning yourself or your organization for success in the evolving cannabis market.

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1642) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02056-24-S) 1 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1642) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02056-24-S) 1 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1642) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02056-24-S) 1 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02056-24-S) 1 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02056-24-O) 1 CE Approved
Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02056-24-O) 1 CE Approved
Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1642) 1 CE Approved
Taxes for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02056-24-O) 1 CE Approved
Federal tax-related matters for LTC (Approval No. GEHNZ-T-02056-24-O) 1 CE Eligible
Taxes for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Taxes for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02056-24-O) 1 CE Approved

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

About Instructor

Zachary Gordon
Zachary Gordon

Founder, RedFive Services

  • 4.7
  • rating
  • rating
  • rating
  • rating
  • rating

Zachary Gordon is a CPA with over fifteen years of professional experience across multiple industries and functions. He serves as the fractional CFO, strategic and tax advisor for a portfolio of crypto, cannabis and tech companies. 

Zach focuses on tax planning and optimization, financial modeling and advisory services, business structuring and transaction support. He has also advised clients in the real estate, healthcare, nonprofit, fintech, media and consumer goods sectors.

Zach holds a Bachelor of Science degree in Accounting from Binghamton University. He is a member of the American Institute of CPAs (AICPA) and the New York State Society of CPAs (NYSSCPA).

Zach sits on the NYSSCPA Board of Directors, Cannabis Committee, and Technology Assurance Committee. He is the current Chair of the Digital Assets Committee and was Chair of the Cannabis Industry Committee for three terms. He was named to the Society’s inaugural Forty Under 40 in 2020. He also sits on the AICPA National Cannabis Committee and was named a Forty Under 40 CPA by CPA Practice Advisor in 2021, 2022 and 2023. He is an advisor to CoFounders Lab’s Accelerator Program, advising startups on financial and operational matters.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

JL

Joseph Lisandrillo, EA
5

Excellent course on a still evolving area of tax law. The handout will make for a good reference tool for future use.

LM

Letty Marquez, EA
5

I am still in the process of learning about this subject so I am happy to find right to the point classes.

Recommended Courses

Best Tax Return Workshop - Partnerships & LLCS (Form 1065)

Jan 02, 12:00 PM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
What is a MEGA Backdoor Roth Account?

Jan 02, 12:30 PM ET

  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CLU
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
International Money - Follow the Tax Dollars

Jan 02, 12:30 PM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Tax Professionals’ Guide: Mastering Form 4797 Challenges

Jan 02, 12:30 PM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Payroll Tax for Non-Resident F-1 & J-1 VISA Holders

Jan 02, 12:30 PM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
IRS Form 940 and Unemployment

Jan 02, 01:30 PM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
$299$199 For 12 Months
stripe

Start Your Subscription

$299$199/year

Secure unlimited access

Click Here
Subscribed
Susan purchased a subscription.
Subscribed
Scott purchased a subscription.
Subscribed
Omer purchased a subscription.
Subscribed
Tina purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
DeRhan purchased a subscription.
Subscribed
Kerry purchased a subscription.
Subscribed
Terri purchased a subscription.
Subscribed
Krista purchased a subscription.
Subscribed
JAIME purchased a subscription.
Subscribed
Mansoor purchased a subscription.
Subscribed
Jessica purchased a subscription.
Subscribed
Valerie purchased a subscription.
Subscribed
Jiong purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Greg purchased a subscription.
Subscribed
CHELIA THORPE purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
DENNIS purchased a subscription.
Subscribed
Mina purchased a subscription.
Subscribed
douglas purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Sandrine purchased a subscription.
Subscribed
Laura purchased a subscription.
Subscribed
Brandon purchased a subscription.
Subscribed
Shannon purchased a subscription.
Subscribed
Essayas purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Quentin purchased a subscription.
Subscribed
Shawn purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Ramon purchased a subscription.
Subscribed
Lashonda purchased a subscription.
Subscribed
Jeffrey purchased a subscription.
Subscribed
KATI purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Jonathan purchased a subscription.
Subscribed
Samantha purchased a subscription.
Subscribed
Katie purchased a subscription.
Subscribed
Mashunda purchased a subscription.
Subscribed
Kristen purchased a subscription.
Subscribed
Haris purchased a subscription.
Subscribed
Jan purchased a subscription.
Subscribed
Matt purchased a subscription.
Subscribed
Kelley purchased a subscription.
Subscribed
Paul purchased a subscription.
Subscribed
Ellen purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Cagdas purchased a subscription.
Subscribed
Antonio purchased a subscription.
Subscribed
Luz purchased a subscription.
Subscribed
Zachary purchased a subscription.
Subscribed
Jered purchased a subscription.
Subscribed
Steve purchased a subscription.
Subscribed
Kimberly purchased a subscription.
Subscribed
Helen purchased a subscription.
Subscribed
Melissa purchased a subscription.
Subscribed
Kenneth purchased a subscription.
Subscribed
Dolores purchased a subscription.
Subscribed
Patrick purchased a subscription.
Subscribed
Loren purchased a subscription.
Subscribed
Daniel purchased a subscription.
Subscribed
Maria purchased a subscription.
Subscribed
Deliah purchased a subscription.
Subscribed
Thao purchased a subscription.
Subscribed
Aileen purchased a subscription.
Subscribed
HOLLAND CLARK purchased a subscription.
Subscribed
Alan purchased a subscription.
Subscribed
Steven purchased a subscription.
Subscribed
Diana purchased a subscription.
Subscribed
Ben purchased a subscription.
Subscribed
Maria purchased a subscription.
Subscribed
ALFREDO purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Suzanne purchased a subscription.
Subscribed
Jameer purchased a subscription.
Subscribed
Paul purchased a subscription.
Subscribed
JEFFREY purchased a subscription.
Subscribed
SHEFALI purchased a subscription.
Subscribed
Hope purchased a subscription.
Subscribed
JUNE purchased a subscription.
Subscribed
Barbara purchased a subscription.
Subscribed
Dustin purchased a subscription.
Subscribed
Megan purchased a subscription.
Subscribed
Scott Alexander purchased a subscription.
Subscribed
Sheung Ngai purchased a subscription.
Subscribed
Neharika purchased a subscription.
Subscribed
Helen purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Maryna purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Adriana purchased a subscription.
Subscribed
Mylene purchased a subscription.
Subscribed
PAT purchased a subscription.
Subscribed
Devonte purchased a subscription.
Subscribed
Jamie purchased a subscription.
Subscribed
JOHN purchased a subscription.
Subscribed
Peggy purchased a subscription.