Examining taxation issues and economic development surrounding the marijuana industry

I am excited to realize and report that, after spending the first half the current semester preparing various presentations for the students in my Marijuana Law, Policy & Reform seminar, this week begins the part of the class in which students are to begin making presentations to each other. The first of the student presentation planned for this this coming week is exploring “tax liability.”  Here are the links the presenting student has assembled in preparation for his presentation this coming week:

Relevant Internal Revenue Code Provisions:

26 U.S. Code § 280E – Expenditures in connection with the illegal sale of drugs

26 U.S. Code § 162 – Trade or business expenses

26 U.S. Code § 62 – Adjusted gross income defined

Three Short Articles on the Economic Impact of Marijuana

“What If Marijuana Were Legal? Possible Outcomes”

“Dose of Reality: The Effect of State Marijuana Legalizations”

“The Economic Impact of Marijuana Tax and Regulation in Colorado”