THCFO Accounting

The IRS is NOT Going to Play Ball with Cannabis Companies on 280E Tax Refund Checks - Get Ready for Penalties and Interest! The Internal Revenue Service (IRS) will persist in pursuing tax payments from ma*****na businesses that have taken deductions in anticipation of a...

From our new friends at Wyn!

https://cannabis.net/blog/news/the-dangerous-280e-tax-battle-of-cannabis-companies-vs.-the-irs-penalties-and-interest-could-be

The Dangerous 280E Tax Battle of Cannabis Companies vs. the IRS - Penalties and Interest Could Be Deadly If You Are Wrong! Tax lawyers and risk specialists, however, caution that this choice is likely to start a protracted and costly legal battle with the IRS, which might...

It’s a step in the right direction but rescheduling is not the same as descheduling.

Biden Announces Justice Department is Moving Cannabis to Schedule III On Thursday, the Justice Department initiated the formal process to reclassify ma*****na from Schedule I to Schedule III, a less stringent classification acknowledging its medical benefits. This historic move, announced by President Joe Biden, aims to address long-standing inequities caused by the p

https://420intel.com/articles/2024/05/14/alaska-house-representatives-approved-bill-change-cannabis-taxes

Alaska House of Representatives Approved Bill To Change Cannabis Taxes | Home 420 Intel is the leading source for cannabis news from around the world. Get the latest updates on cannabis legalization, politics and technology, as well as developments in medical and recreational ma*****na news. Our commitment is to bring you the most important cannabis news stories every day of....

https://www.ganjapreneur.com/cannabis-company-wins-therapeutic-psilocybin-license-in-oregon/?utm_source=newsletter&utm_medium=email&utm_campaign=cannabis_brand_gets_psilocyin_license_in_oregon_thailands_prime_minister_wants_to_re_criminalize_and_more&utm_term=2024-05-10

Cannabis Company Wins Therapeutic Psilocybin License In Oregon Kaya Holdings Inc. (KAYS), a publicly traded and self-described "mind care company" that holds cannabis licenses in Oregon and Greece, announced this week that it has received a license to administer psilocybin products in Oregon. Oregon is currently the only state with a program covering the the

https://www.accountingtoday.com/news/oregon-senator-demands-refunds-for-turbotax-customers-over-glitch?utm_campaign=NL_ACT_Daily_Briefing_05062024&position=4&utm_source=newsletter&utm_medium=email&campaignname=NL_ACT_Daily_Briefing_05062024&oly_enc_id=6911B7585289D0A

Wyden demands refunds for Oregon TurboTax users Due to a software glitch, some TurboTax customers were inappropriately encouraged to take deduction choices resulting in higher taxes.

https://www.cannabisbusinesstimes.com/news/cannabis-adminstration-opportunity-act-2024-federal-cannabis-legalization-schumer/?utm_campaign=Cannabis+Business+Times+Newsletter&utm_source=05%2f03%2f2024+-+What%26%2339%3bs+Next%3f+Former+Deputy+AG+James+Cole+(of+Cole+Memo)+on+Rescheduling&utm_medium=email&utm_term=https%3a%2f%2fwww.cannabisbusinesstimes.com%2fNews%2fcannabis-adminstration-opportunity-act-2024-federal-cannabis-legalization-schumer&utm_content=545956&isid=B814FA

Senate Democrats Introduce Bill to Federally Legalize Cannabis The Cannabis Administration and Opportunity Act aims to deschedule ma*****na by removing it from the Controlled Substances Act.