CROSS-BORDER

Tax and Immigration
Advisors

What are the tax and immigration implications of a legal cannabis industry?

Although medicinal and/or adult use of cannabis has been legalized in many jurisdictions in both Canada and the United States for a number of years, a growing disparity exists in the treatment of cannabis users and cannabis-related business owners and investors by authorities on both sides of the border. It is now more important than ever to get qualified legal advice to ensure all risks regarding cannabis are addressed proactively.

Moodys provides tax and related legal services to businesses in the US and Canada working in the cannabis industry. Our cross-border tax law practice focuses on the tax issues and immigration implications that the legalization of cannabis in Canada has on companies doing business in Canada and the US.

Topics of Interest:

The 2018 US Farm Bill – Legalization of certain cannabis-based products

Internal Revenue Code Section 280E: Tax deductions and/or credit implications for companies that grow or cultivate cannabis

Cross-border personal tax issues for an investor and/or director of a cannabis business in Canada and the US

Cross-border travel and immigration issues for an investor and/or director of a cannabis business in Canada and the US

Essential Reading:

Five Things You Should Know – Cannabis and Travel to the US
It’s no secret that perceptions and laws regarding cannabis have changed significantly in recent years, with medicinal and adult use becoming legal in some form or another in Canada and many states in the US.

Lost in the Haze? – Updates on Cannabis and Travel to the US
Although medicinal and/or adult use of cannabis has been legalized in many jurisdictions for a number of years, a marked growing disparity exists in the treatment of cannabis users and cannabis-related business owners and investors by authorities in Canada and the US. This disparity became even more pronounced when adult use of cannabis became legal across Canada on October 17, 2018.

Areas of Expertise:

Cross-border business operations

Business expansion planning

US tax reporting and compliance

Purchase and sale of business/assets

Tax counsel to lawyers and accountants

Employee expatriation or immigration planning

 

 

Azam’s tax experience is broad. From law firms and accounting firms, to personal and corporate, to the US and Canada – his mission is to be a well-rounded tax advisor. Azam’s specialization is US inbound issues, including cross-border transactions, expansions, restructurings and tax efficient financing. Whether you’re a VP of a large corporation or a retiree looking to sell your condo in Florida – Azam simply wants to minimize your taxes.
With more than a decade of solid experience playing key roles in some of the world’s leading immigration law firms and international global mobility consulting groups, Oliver is uniquely qualified to provide US legal advice in all areas of US immigration law and related global mobility services. He has extensive experience in assisting organizations, from start-ups to Fortune 100 companies across varying industries, in developing and maintaining successful global immigration and global mobility programs.