July 26th, 2022 at 10am PT  

Understanding the ins and outs of tax code 280E is of the utmost importance for cannabis accountants in keeping their clients compliant. Properly minimizing our client’s tax liability is what we do best, right?

Yes, but there’s more to it. The role that accountants play in the cannabis industry involves stepping out of our comfort zones and into spaces where our duties often overlap with those normally reserved for operations or legal departments.Cannabis accountants are not just there to file taxes or keep books; we also must understand licensing rules and regulations, corporate entities, how to manage inventory and cash controls, and much more. 

Our upcoming special guest, attorney Kenneth Ford, specializes in the cannabis industry and brings years of experience in corporate litigation and industry compliance and tax.  

Join us for our live stream with Ken on Tuesday, July 26th at 10 AM PDT, for “Understanding Federal and State Tax Issues for Cannabis Operators,” which will cover:
  • How the cannabis industry can successfully reduce their tax liability
  • A review of 280E tax court case studies that you may have never heard of
  • Accounting issues facing cannabis businesses
  • Tax saving strategies for a cash-based business that comply with federal rules
  • Establishing strong inventory and cash controls for cannabis businesses
  • Proper record-keeping and reporting to protect cannabis business in the event of a federal or state tax audit 
  • An overview and review of Business and Operation tax
  • 263a, 199a, ana various other guidance on other important cannabis related tax codes

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Kenneth Ford

Strategic Legal Counsel

Kenneth Ford is Strategic Legal Counsel with Cultiva Law where he primarily focuses on representing cannabis industry clients in litigation and tax controversy. With a background in corporate litigation, industry compliance, corporate transactions, and tax, Mr. Ford uses effective legal solutions across all stages of corporate development, operation, and litigation. Mr. Ford is a cannabis attorney with an extensive background in tax law and corporate litigation. He is adept at providing creative and strategic solutions to fit his clients' specific business and litigation needs. Mr. Ford received his bachelor's degree from Bethune-Cookman University (BCU), his J.D. degree from Texas Southern University and his L.L.M. degree in Taxation from the University of Florida.