Ep3 | Banker on Call with Tony Repanich and Cultivated Media: Cannabis Tax Strategy Update
- 22 hours ago
- 1 min read
Description
In this episode of Banker on Call, Tony Repanich chats with Jill Scher, Managing Director at CBIZ, to unpack the rapidly evolving tax landscape for the cannabis industry following the federal rescheduling of medical cannabis from Schedule 1 to Schedule 3. We discuss how this shift dramatically changes the cannabis tax strategy for medical cannabis operators, who will now be able to deduct ordinary business expenses, not just cost of goods sold – a change that significantly reduces effective tax rates that previously reached 70–80% under IRC Section 280E.
This discussion covers:
Tax implications for different types of operators
DEA registration and compliance
Broader regulatory signals and industry outlook
Speakers:
Jill Scher, Managing Director of Tax & Business Services, CBIZ
Tony Repanich, President and CEO, Shield Compliance
Jay Rosenthal, Co-founder, Cultivated Media
Presented by Shield Compliance and Cultivated Media