k1

After years of asking, our team finally received our first K-1 tax forms this year. I know, it’s 2024, and that’s a lot of back tax drama! But here’s the kicker: no K-1s were ever delivered before the lawsuit. Curious, right? I mean, it’s almost like someone wanted to keep certain losses to themselves… Makes you wonder who their CFO is and who’s really responsible for that tax liability?

If you’re wondering how sketchy this gets, let’s take a trip down memory lane:

Enron famously hid its financial losses by creatively keeping info off the books. Their K-1s were probably more like “Don’t Look-1s.”
Then there was Bernie Madoff, who was less of a tax filer and more of a tax dodger, keeping partners in the dark while the IRS lit up his mailbox. And who can forget Tyco International, where executives conveniently forgot to share their K-1s while funneling cash through personal piggy banks?

So what kind of illegality are we talking about here? Well, with an ARDC: Attorney Registration and Disciplinary Commission of the Supreme Court of Illinois complaint already filed, Security Exchange Commission meetings in the works, and the Internal Revenue Service now joining the fun, this situation’s starting to look like a regulatory mixer—and all because we dared to ask for the truth!

Here’s the thing: the best way to advocate for truth and justice in cannabis (or any David vs. Goliath situation) is to expose every unethical move and ensure all parties are held accountable. It’s my mission to bring transparency and accountability to my personal and team dealings and any who ask for help. I don’t mind being David—just know I’m bringing my slingshot and aiming right for the truth. I also pinch hit if you want my help.

If you’re keeping secrets, remember: taxes have a funny way of catching up to you.

Tune into the F'nAround podcast at FnAround.com for all the insights, truths, and breakdowns of how these stories unfold in the cannabis industry!

Craft cares, corporate doesn’t.
Speak your truth.
The CannaConsigliere
(soon to be a 312ALL produced show)
Not the nuEra Cannabis Guy.

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