Marijuana, Hemp, and CBD: An Understanding of Federal, State, and Local Landscapes

1 Credits: Taxes


Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

 Secure Transaction

Marijuana, Hemp, and CBD: An Understanding of Federal, State, and Local Landscapes

Course Level
CPE Credits

1 Credits: Taxes

Course Description

Marijuana is federally illegal, but it may be legal in your state. Hemp and CBD are legal, but only sometimes. This course will discuss the various forms of cannabis and how they are treated at the federal level and state level. We will share legislative updates and what the future may hold for these various forms of cannabis. This course will discuss the conflict between state and federal law, the risk in operating under State legal marijuana regimes, and when cannabis is still a Class I controlled substance at the federal level. You will learn how to think about the risk/reward in this bifurcated regulatory landscape.

Show More
Show Less

Learning Objectives

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

  • Understand the difference between State laws and Federal laws as it relates to cannabis.
  • Understand the difference between marijuana, hemp, and CBD.
  • Understand the United States regulatory landscape as it applies to marijuana, hemp, and CBD, and the potential risk in transacting business associated with each.
Show More
Show Less

Course Specifics

Course ID
Revision Date
July 22, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02051-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1787
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …