What the Hemp? is Withum’s newest podcast series, driving the conversation around the ever-evolving cannabis industry. Hosted by Steven Monacelli, Partner and Team Leader of Withum’s Cannabis Practice, this series is designed to help cannabis industry experts grow their knowledge. Each episode offers insights from Withum team members and trusted industry leaders on topics shaping the future of cannabis and intoxicating hemp. Tune in for what’s next.
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New York is expanding access to agricultural tax incentives and related programs for licensed cannabis cultivators through recent legislative changes. As a result, qualifying growers may now be able to take advantage of benefits ranging from property tax relief and refundable investment tax credits to workforce, redevelopment and energy-efficiency incentives. Understanding how these programs work…
The appeal many expected has arrived, but the real question is what comes next. For months, taxpayers and practitioners have wondered whether the IRS would ultimately accept the implications of Kwong v. United States or continue defending its interpretation of the COVID-era relief provisions under IRC §7508A(d). We now have part of that answer. The…
A recent shift in federal policy materially changes how certain cannabis businesses should evaluate their Research and Development (R&D) Tax Credit position. On April 22, 2026, the Drug Enforcement Administration (DEA) issued a final order rescheduling specific cannabis products from Schedule I to Schedule III under the Controlled Substances Act. This change applies primarily to…
Visit our What the Hemp? playlist on YouTube to view video recordings for each podcast episode. Remember to subscribe to receive an update when the latest episode releases.
Watch on YouTubeSteven Monacelli is a tax partner specializing in planning strategies for closely held companies, with a focus on cannabis and real estate. He leads Withum’s Cannabis Team, advising clients nationwide on growth and exit strategies.
