Tax Attorney Jennifer Benda in Tax Notes - Pot Business Succession Planning Includes Perks and Pitfalls
By: Jennifer E. Benda, Nathan J. Richman and, and Jonathan Curry
The successes of state-legal marijuana businesses are leading to federal gift and estate tax questions about how to pass those businesses on when the owners die.
“The valuations [of state-legal cannabis companies] are just now getting big enough to where the estates are big enough to have estate tax problems, unless someone had other wealth,” Jennifer E. Benda of Hall Estill told Tax Notes. READ MORE HERE