Setting Up A Legal Marijuana Business
Wednesday, August 21, 2019, 1:00 PM - 2:00 PM, ET
Presenter: Dean Holter, JD
According to CNBC, the U.S. marijuana market is currently valued at around $40 billion and is expected to double to $80 billion by 2030.  Many of the marijuana businesses that will help to double the industry over the next 10 years either do not exist yet, or are in need of legal assistance and re-structuring.  This is a huge new client opportunity for lawyers willing to take on new marijuana business clients.
In this webinar, we will cover the following:
  • Choice of entity for a marijuana business: LLC vs. Corp vs. S-Corp
  • Workarounds to IRS section 280E: Section 280E of the Internal Revenue Code prohibits marijuana businesses from deducting otherwise ordinary business expenses, such as employee salaries, rent, and utilities from gross income associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act
  • Tips for banking issues: Federal law has traditionally prohibited banks from having marijuana businesses as clients  
  • Lawyer networks, bar associations, and forums specific to the industry to consider joining
  • The overlap of marijuana and hemp
  • Setting up a California Sellers Permit for a marijuana business
  • Ethical and professional conduct issues for a lawyer to consider

Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 8/07/2019

1.0 CLE (California Board of Legal Specialization - Estate Planning)
1.0 CFP credit pending (National CFP Board)

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This webinar is included for Business Law Subscribers and provided live complimentary for Trusts & Estates Subscribers

Regular Price: $139 | Trusts & Estates Price: $0 (Website access not included) | Gun Law Price: $139 | Business Law Price: $0 | Practice Development Price: $139