Ep. 165: Investing in Cannabis: What You Need to Know to Protect Your Wealth

The Cannabis industry's allure of high returns often masks the substantial personal risks investors and executives face. While early Cannabis companies like MedMen and Tilray attracted significant investment with trendy branding, their stories serve as cautionary tales of what happens when fundamental accounting, tax compliance, and entity structuring are overlooked. Today's Cannabis investors need to be armed with knowledge that goes far beyond product expertise.

Join Andrew Hunzicker, CPA for this critical episode as we reveal:

• Critical lessons from the downfall of early Cannabis giants and how to avoid their costly mistakes

• How IRC 280E, 471, and other tax codes uniquely impact Cannabis business profitability

• The hidden liabilities of different entity structures and why choosing the wrong one could expose your personal assets

• Essential strategies for maximizing legal tax deductions despite stringent restrictions

• Multi-entity approaches that provide enhanced asset protection and investment appeal

• Why standard accounting systems and general practitioners often fail Cannabis businesses

  
  

Whether you're considering investing in the Cannabis industry, currently serving as a company executive, or advising clients in this sector, this episode provides vital insights for protecting assets and ensuring compliance. 

Learn how proper structuring, accounting, and tax strategies can mean the difference between success and financial disaster in this highly regulated industry.