Insuring the Cannabis Industry – Grass is Greener with Captives

Businesses operating in the cannabis industry face risks – just like any other business. Though some of those risks are unique to the industry, they are real, and they must be managed. Marijuana businesses are sprouting in record number as states like Colorado legalize private growing, distribution, and sale.

UncategorizedBarnesLawLLPMay 27, 2016cannabis, Captive insurance, controlled substances act, federal prosecution, internal revenue code, internal revenue service, marijuana

Fix Your Captive Insurance Company Before January 1, 2017

For the first time in nearly 30 years, Congress implemented significant changes to Internal Revenue Code section 831(b) when it passed Protecting Americans From Tax Hikes (PATH) as part of its 2016 appropriations bill.

UncategorizedBarnesLawLLPMarch 25, 2016831(b), Captive insurance, Dirty Dozen risk shifting, internal revenue code, IRC 831(b), PATH, Protecting Americans From Tax Hikes, risk distribution

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