Taxation of the Cannabis Industry
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Tax | IRS Approved
- Faculty:
- Mary Jane Hourani, MM, EA
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
This course provides a comprehensive analysis of the taxation issues affecting the cannabis industry. It covers the historical context of U.S. taxation, the distinctions between industrial hemp and marijuana, and the specific tax codes and regulations that apply to the cannabis business. Participants will gain insights into state marijuana laws, the unique challenges of a cash-intensive industry, and pertinent federal court cases.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Basic Course Information
Learning Objectives- Understand the historical view of U.S. taxation
- Distinguish between industrial hemp and marijuana
- Review income as defined by I.R.C. §61
- Apply the restrictions and limitations of §280E and §471
- Examine state marijuana laws
- Discuss the challenges of a cash-intensive business
- Analyze relevant federal court cases
Major Subjects
- Historical context of U.S. taxation
- Industrial hemp vs. marijuana
- Income definitions under I.R.C. §61
- Tax code restrictions: §280E and §471
- State-specific marijuana laws
- Cash management in cannabis businesses
- Federal court case analysis
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| IRS Credit Request Form (267 KB) | Available after Purchase | ||
Faculty
Mary Jane Hourani, MM, EA Related Seminars and Products
Mary Jane has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms in before transitioning to her own practice in 2005.
Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting.
She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow.
Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2008 as well as a speaker for several trade organizations since 2005.
Mary Jane has been a Contributing Editor and Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2009. She writes and compiles tax course packs used by Michigan State University Tax School and other trade organizations. She is a former H&R Block Instructor/Trainer.
Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
Dates
|
Wed, Jun 04, 2025 - 04:00pm to 06:00pm EDT
|
|
Sat, Jun 28, 2025 - 11:00am to 01:00pm EDT
|
|
Wed, Jul 16, 2025 - 02:00pm to 04:00pm EDT
|
|
Mon, Aug 04, 2025 - 04:00pm to 06:00pm EDT
|
|
Sat, Aug 16, 2025 - 02:00pm to 04:00pm EDT
|
|
Thu, Aug 28, 2025 - 11:00am to 01:00pm EDT
|
|
Tue, Sep 16, 2025 - 02:00pm to 04:00pm EDT
|
|
Sat, Oct 04, 2025 - 04:00pm to 06:00pm EDT
|
|
Thu, Oct 16, 2025 - 02:00pm to 04:00pm EDT
|
|
Tue, Oct 28, 2025 - 11:00am to 01:00pm EDT
|
|
Tue, Nov 18, 2025 - 02:00pm to 04:00pm EST
|
|
Thu, Dec 04, 2025 - 04:00pm to 06:00pm EST
|
|
Tue, Dec 16, 2025 - 02:00pm to 04:00pm EST
|
|
Mon, Dec 29, 2025 - 11:00am to 01:00pm EST
|
|
Fri, Jan 16, 2026 - 02:00pm to 04:00pm EST
|
|
Wed, Feb 04, 2026 - 04:00pm to 06:00pm EST
|
|
Thu, Feb 19, 2026 - 02:00pm to 04:00pm EST
|
|
Sat, Feb 28, 2026 - 11:00am to 01:00pm EST
|
|
Mon, Mar 16, 2026 - 02:00pm to 04:00pm EDT
|
|
Sat, Apr 04, 2026 - 04:00pm to 06:00pm EDT
|
|
Thu, Apr 16, 2026 - 02:00pm to 04:00pm EDT
|
|
Tue, Apr 28, 2026 - 11:00am to 01:00pm EDT
|
|
Sat, May 16, 2026 - 02:00pm to 04:00pm EDT
|
Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For CPAs, EAs, and financial professionals
Original Recording Date 06/01/25
Course Developer Werner-Rocca Seminars
Date Added to Catalog 05/01/25
Yellow Book
No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. 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 through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.