Edit
Cannabis tax is one of the most audit-prone areas in practice today.

IRC §280E disallows ordinary business deductions for cannabis businesses but Cost of Goods Sold is not disallowed. That distinction, and how well your clients’ books reflect it, is the difference between a defensible return and a six-figure IRS adjustment.
This two-hour live webinar gives you the technical grounding to advise cannabis clients accurately, structure their books correctly, and defend their positions if the IRS comes calling.
1777571925-9d016c030b842ba7
Amorette Mason, EA
Founder, Innovative Capital Management, LLC
Amorette D. Mason is an Enrolled Agent and founder of Innovative Capital Management, LLC, with over ten years of experience in tax preparation, bookkeeping, and small business advisory. Her practice spans multiple industries — including small business, real estate, and cannabis — giving her a broad and practical perspective on the unique tax challenges different operators face. Within the cannabis industry specifically, her work has included manufacturing, cultivation, and dispensary operations, bringing firsthand knowledge of the financial realities at every stage of the supply chain.
A distinguished leader in the tax profession, Amorette is an active member of the National Association of Enrolled Agents, where she has delivered both live and recorded trainings, and serves as Treasurer of the Pennsylvania Society of Enrolled Agents. She is also a member of the National Association of Parliamentarians. Her commitment to accessible tax education extends beyond the industry — since 2020, her accounting team has partnered with the City of Philadelphia to provide free tax services to small business owners, a first-of-its-kind initiative in the city. She also volunteers with the American Bar Association's Virtual Settlement Week, providing free tax representation to individuals in tax court.
Amorette's connection to the cannabis industry is both professional and personal — rooted in a firsthand belief in the power of CBD following a transformative experience in her own life. That personal investment shapes everything she does, including her commitment to advocating for fairer tax policy for plant-touching businesses. As the regulatory landscape continues to shift, she believes that informed, engaged tax professionals are one of the most powerful forces in ensuring cannabis businesses are not left behind.