Joint Session: Diverse Voices in NYS Cannabis

In this episode of Joint Session, host Herb Barbot is joined by Daniel Sabet of GreenGrowth CPAs and Alex Norman, co-owner of New York dispensary Budega, for a practical deep dive into one of the biggest financial challenges facing cannabis operators: Section 280E. Daniel breaks down how the tax code works in practice, why cannabis businesses can be taxed on gross profit rather than true net income, and the strategies operators can use to mitigate the damage—from entity structure and cost allocation to inventory accounting methods like 471(c). Alex brings the real-world operator perspective, sharing how 280E impacts Budega’s cash flow, planning, and day-to-day decisions as a licensed dispensary in Brooklyn. Together, they unpack the risks, workarounds, and planning decisions cannabis businesses need to understand now—while also looking ahead to what rescheduling or broader reform could mean for the future of cannabis taxation. 

Joint Session: Diverse Voices in NYS Cannabis is produced by Herb Barbot, with executive production and marketing by Simlev Media.

Please contact us at herb.jointsession@gmail.com if you have any questions or comments, including topics to cover.

Follow the show on Instagram at jointsession.pod, on BlueSky at @jointsessionpod.bsky.social and on LinkedIn at Joint Session Podcast. 

If you enjoy the show, leave us a rating and review on your favorite podcast platform. It helps new listeners find the show.

#280e #TaxPlanning #Budega #GreenGrowthCPAs