Capitalizing Disallowed Costs: ‘Releaf’ for the Cannabis Industry Published in Tax Notes

Publications Apr 4, 2023 Denver, CO

Greenspoon Marder cannabis co-chair Nick Richards recently authored an article entitled “Capitalizing Disallowed Costs: ‘Releaf’ for the Cannabis Industry” which was published in Tax Notes. Click here to view the full article which demonstrates how cannabis businesses may be able to recoup expenses that have been disallowed under section 280E of the Internal Revenue Code.

Nick Richards is a partner and co-chair of the Cannabis Law practice group at Greenspoon Marder LLP. He represents individuals and businesses in tax audits & trials, M&A, in managing tax debt, and he advises cannabis companies, owners and investors regarding tax and regulatory compliance matters. Mr. Richards has been a tax attorney for more than twenty years beginning his career with the IRS where he was a leading trial attorney, a Chief Counsel advisor, and a Special Assistant United States Attorney. With his broad experience and understanding at all phases of the tax system, from reporting and assessment through appeals, court, and tax debt resolution, Mr. Richards achieves successful legal solutions tailored to his individual client’s needs. Mr. Richards also teaches tax attorneys and CPAs throughout the U.S. and he is an Adjunct Professor of Law at the University of Denver, Graduate Tax Program.

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 240 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has upheld a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

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Capitalizing Disallowed Costs: ‘Releaf’ for the Cannabis Industry Published in Tax Notes

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