Justin Botillier
Justin Botillier is the CEO of Calyx CPA LLC in Southern Oregon. Justin has twenty years of experience working with small business owners. He now works with the psychedelic community to prepare business owners for the tax impact of 280E on businesses in the psilocybin industry.
Navigating Tax Challenges in the Psychedelic Industry
Psychedelics are classified as Schedule I drugs; they are subject to IRC Section 280E, a tax provision that penalizes businesses engaged in federally illegal “drug trafficking.” While it’s essential to file a properly prepared tax return, there are legal strategies to mitigate the impact of 280E.