Elana Tamas is a Tax Advisor in Anchin’s Cannabis and Consumer Products Industry Groups. Elana enjoys analyzing tax law and contributing to the crafting of tax positions for the cannabis industry. She has a deep understanding of how to interpret case law and experience with creative tax planning, which is valuable in an industry that requires the application of analogous concepts to gray areas of the law.
She is also a member of the firm’s Private Client Group. She has helped find creative solutions to complex tax problems for her high net worth clients.
Elana is a member of the New York State Society of Certified Public Accountants (NYSSCPA) Cannabis Committee. She is passionate about social causes, especially assisting and elevating women in and outside of the workplace. She is a connector and enjoys pairing people with natural business synergies and is interested in the philosophy and the arts.
- Private Client
- Tax Planning and Compliance
- Consumer Products
- Essential Tax Considerations for Cannabis InvestorsDecember 15, 2021
While the opportunities presented by investing in early-stage state-legal marijuana businesses may be apparent, there are risks associated with participation in an industry that is simultaneously illegal for federal purposes and legal in many states. This unique dichotomy between federal and state laws has become the new frontier in tax compliance and enforcement. Evolving marijuana laws present a moving target. Here are some key aspects of the current tax laws and their complexities from both a federal and state perspective of which investors need to be aware.