S03E82 - Justin Botillier - IRS, 280E & Psychedelics

In this episode of The Mindfulness Experience Podcast, host Keith Fiveson interviews Justin Botillier, CEO of Calyx CPA LLC, who has extensive experience working with small business owners and is a passionate advocate for the Cannabis and Psychedelic Industries. As a member of the psychedelic community, Justin is committed to assisting businesses in Oregon's burgeoning psilocybin industry in navigating the financial implications of the 280E provision.

Justin shares his journey of becoming an advocate for the Cannabis and Psychedelic Industries and discusses the challenges faced by businesses in the psilocybin industry that are not encountered in other industries. Being a financial expert, he helps these businesses navigate the complicated tax implications imposed by the 280E provision and to stay informed about the rapidly evolving regulations and rules of these industries.

Through this interview, Justin explains the impact of the 280E provision on small business owners in the Cannabis and Psychedelic Industries. He also highlights the most common mistakes business owners make in tax planning. He emphasizes the need for businesses in the psychedelic industry to use legal and practical strategies to manage their tax implications, ensuring a balance between aggressive tax planning and regulatory compliance.

Listeners interested in starting a business in the psychedelic industry but concerned about its financial challenges will find Justin's advice invaluable. He shares his insights on the future of these industries and how business owners can best prepare for it.

Overall, Justin's financial expertise and his passion for the Cannabis and Psychedelic Industries make this episode an insightful and compelling listen for anyone who wants to learn more about the financial challenges and opportunities that these industries present. Don't miss this chance to gain valuable knowledge that will help you navigate these rapidly evolving indust  Visit  Justin here: https://calyxcpa.com/about-us/

 

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