MLBA Members:
Mark Your Calendar for This Important Webinar: “Hemp, THC Caps, and the Tax Code: Preparing Minnesota’s Liquor Industry for What’s Next”
- Wednesday, October 21 — 10:00 AM to 11:00 AM
- Free Webinar
- Registration appreciated here, but not required: https://bit.ly/47v0Ahm
- Join Webinar by Computer (Preferred): https://us02web.zoom.us/j/81704264442
- Join Webinar by Phone (but won’t be able to see the slide show): 3017158592,,81704264442#
If your business currently sells lower-potency hemp edible (LPHE) products — including THC beverages — this is a webinar you won’t want to miss.
Significant changes to federal hemp law are scheduled to take effect December 11, 2026, creating important questions for Minnesota liquor stores, bars, restaurants, breweries and other businesses that currently sell these products.
What happens to the products you currently carry? What could the changes mean for your taxes? Banking and payment processing? Business structure? Recordkeeping? And if you decide to remain in the LPHE market, what should you be doing now to prepare?
MLBA is bringing in experts to help you understand what’s coming and make informed decisions for your business.
Join us for a special webinar presented by SAX Advisory Group, featuring:
- Mark Waller, Accounting Services Director, Client Accounting Services
- Helena Lynch, Partner and Cannabis Niche Leader
Mark and Helena will discuss the changing federal landscape and the potential tax and business implications for Minnesota businesses selling LPHE products, including:
- The upcoming federal hemp and THC changes and what they could mean for Minnesota businesses
- IRC §280E and potential federal tax implications
- What expenses may — and may not — be deductible
- Accounting and recordkeeping considerations for businesses selling both alcohol and LPHE products
- Potential banking and payment-processing challenges
- Business and entity considerations
- Steps businesses can take now to prepare for December 11
- Questions to discuss with your accountant, tax advisor and other professional advisors
The presentation will run approximately 40 minutes, followed by 20 minutes for questions and answers.
Whether you ultimately choose to continue selling LPHE products or step away from the category, MLBA wants you to have the information you need to make that decision for your business.
This issue is moving quickly, and the potential impact reaches well beyond liquor stores. We strongly encourage any MLBA member currently selling — or considering selling — LPHE products to participate.
The webinar will also be recorded and made available through MLBA following the event.
Thank you,
—
Tony Chesak
MLBA Executive Director
(651)470-7236 cell
tony@mlba.com