High-Net-Worth Individuals

Cannabis has created real wealth — and handed it a uniquely complicated personal tax life. Owners carry K-1s from entities distorted by 280E, income sourced across multiple states, phantom income in bad years, and exit events where entity history determines what the founder actually keeps. Your business return and your personal return are one system. We manage both sides of it.

What owner-level planning covers

Basis and at-risk tracking across every entity, because distributions and losses live or die by it. Estimated tax management so the personal quarterly payments track the business's actual year, not last year's ghost. Multi-state personal filings for owners with licenses, property, or partners in several states — including residency planning where a move is genuinely on the table. Reasonable-compensation strategy for S-corp owners. And charitable, retirement, and family strategies sized to actual cash flow, not brochure assumptions.

The cannabis-specific wrinkles

280E at the entity level flows straight into the owner's return: taxable income disproportionate to cash, K-1s that look wrong to a generalist preparer but are right, and state returns that may decouple from the federal treatment. Investors face their own set — SDIRA holdings, passive-loss limitations, and diligence on the tax history of anything they buy into. We wrote the checklist on that.

Exits and liquidity events

The tax character of a sale — asset versus equity, allocation of price, treatment of licenses and goodwill, earnouts — is negotiated, not discovered. Owners who bring tax counsel into the deal early keep measurably more of the proceeds. We model the structures before the letter of intent is signed, alongside the valuation and diligence work we already do.

Common questions