Archive

How Cannabis Companies Use ESOPs for Tax Savings and Ownership Transition

By Charles Alovisetti, Jack Crain
Aug 7, 2025

As the cannabis industry matures, more operators are exploring alternative ownership structures that support both long-term growth and successful exits. One powerful yet underutilized option is the Employee Stock Ownership Plan (ESOP). In this article, we discuss how cannabis companies can use ESOPs to create tax-efficient exit strategies, reduce the impact of Section 280E, and build long-term value through employee ownership. We also outline the structure, tax benefits, regulatory considerations, and practical execution of ESOP transactions in the cannabis space.

Hemp-Derived Cannabinoid Markets: Using Tax Data to Assess Growth in Louisiana, Minnesota and Tennessee

By Andrew Livingston
Jan 22, 2025

Now that many states have regulated cannabinoid hemp alongside medical and adult-use marijuana, hemp cannabinoid market growth trends can be analyzed using comprehensive data, including monthly tax data from product sales. In this article, we analyze market trends in Minnesota, Louisiana and Tennessee using hemp-derived cannabinoid product sales tax data reported by the states.

[Webinar] Cannabis Rescheduling: Timeline, Tax Strategies & 280E

Oct 17, 2024

Watch this Vicente session to learn about how rescheduling may impact 280E and tax planning! Vicente attorneys, along with special guest tax attorneys from HBK CPAs and Jones & Keller, provide an update on the rescheduling process, including the timeline to a final rule and potential obstacles, along with a deep dive into 280E and tax strategies.

[Webinar] Cannabis Rescheduling: Implications and Next Steps

May 3, 2024

Watch this special briefing featuring Vicente LLP leaders who have been deeply immersed in the federal scheduling issue, along with Mitzi Keating, a CPA and partner at Citrin Cooperman.

Connecticut Adult Use Sales Open: How Much Will Customers Pay in Taxes?

By Michelle Bodian
Jan 10, 2023

Adult-use cannabis sales started in Connecticut on January 10, 2023. While this historic moment has been in decades in the making, the tax collector still wants its piece of the pie. Read this for a quick recap of the applicable taxes and registration process for Connecticut cannabis retailers, hybrid retailers, and micro-cultivators, and a look at how much their customers will pay in taxes.

Gov. Newsom’s Budget Trailer Bill Makes Significant Reforms to California Cannabis Laws, Including Elimination of the Cannabis Cultivation Tax

By Andrea Golan
Jul 11, 2022

California cannabis cultivation tax was eliminated, along with additional significant reforms to Golden State cannabis laws. Read this article for noteworthy changes from Gov. Newsom's recently-signed budget trailer bill.