PACT Act Leaves Vaping & CBD Industries in a Fog: The Latest Tax and Legal Considerations
Join industry professionals from Cherry Bekaert LLP and Thompson Hine LLP as they cover current trends and impacts to sellers of a broad array of vaping products, even non-nicotine, in relation to the Prevent All Cigarette Trafficking (PACT) Act mandates.
On December 27, 2020, Congress amended the PACT Act to place additional state regulatory compliance burdens on interstate sellers of e-cigarettes and other vaping products including CBD. Prior to the amendment, the law largely applied to interstate cigarette sales and was intended to promote greater legal and tax compliance.
We will cover various topics, including the additional state regulatory compliance burdens on interstate sellers of e-cigarettes and other vaping products.
Key Topics Include:
- Current industry and market trends
- Legal considerations of PACT Act licensing & reporting requirements
- State taxation of certain categories of products, including open-system hardware, disposables, and zero-nicotine products
- Other sales tax and state taxation considerations
Cathie Stanton, CPA, MT, Partner, Tax Services – State & Local Tax Leader | Cherry Bekaert LLP
Lauren Stinson, CMI, Principal, Tax Services – Sales & Use Tax Leader | Cherry Bekaert LLP
Eric N. Heyer, Partner | Thompson Hine LLP
Joe Smith, Senior Managing Associate | Thompson Hine LLP
Rachel Kurtz-McAlaine, Deputy Director of Public Policy (Moderator)