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November 17, 2017
1:00PM - 3:00PM ET


November 30, 2017
3:00PM - 5:00PM ET



Course Description

In this course, Nick Richards explores in more detail the impact of IRC §280E on the cannabis industry. He will cover ethical issues, tracking systems, entity formation, and record keeping. Richards also covers the impact of the recreational cannabis industry and how state and federal marijuana taxes, at high rates, have incentivized regular income, excise, and sales and use tax audits. 


Nick Richards

Nick Richards represents individuals and businesses involved in tax audits, trials, and collections throughout Colorado, California, and the Western U.S. He joins Dill Dill Carr Stonbraker & Hutchings, P.C., after six years of experience successfully representing taxpayers and eleven years of experience as an IRS trial attorney.

His diverse background as a tax controversy attorney and educator, along with his inside understanding of IRS procedures and personnel, allows him to achieve successful legal solutions tailored to his individual client’s needs. Mr. Richards is licensed to practice law in the State of California and the State of Colorado. He is also admitted in the US Tax Court, Colorado District Courts, and California District Courts. Outside of work, Mr. Richards enjoys time with his wife and two children. He also works as an Adjunct Professor of Law at the University of Denver, Graduate Tax Program. Mr. Richards also teaches continuing education programs throughout the country to attorneys, CPAs, and tax professionals.

Course Specifics

Sep 26, 2016

Compliance Information

IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-01091-16-O
IRS Federal Tax Law Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1054
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to: 

  • List the implications of IRC §280E on the cannabis industry
  • Identify ways to advise clients creating cannabis-related businesses

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