Jushi looks to boost efficiency as it awaits new adult-use cannabis markets

Multistate operator Jushi Holdings is trying to improve its efficiency and margins as it hopes for new adult-use cannabis markets in 2024.

Cannabis MSO Ascend Wellness expecting 280E tax refunds

Multistate cannabis operator Ascend Wellness Holdings says it has filed amended federal tax returns for several years and expects to receive refunds, becoming the latest U.S. marijuana company to seek the return of tariffs paid under Section 280E of the Internal Revenue Code.

Opinion: Is Trulieve’s refund claim the cannabis industry’s way out of 280E?

Trulieve Cannabis Corp.’s highly publicized $143 million federal income tax refund claims created a frenzy of hope that seems to offer the marijuana industry a way out. But does it?

Opinion: Cannabis companies should file amended tax returns to claim 280E refunds

Two legal cases have realistic chances of success, meaning cannabis operators should consider filing amended federal tax returns claiming refunds.

Opinion: What marijuana investors should watch for in the year ahead

From legislative and regulatory changes to market sensitivity and price stabilization to M&A dynamics, it will be crucial to remain cautious of hurdles that the marijuana sector will face and stay on top of the five areas that are expected to shape the industry in 2024.

Democratic governors ask Biden to reschedule marijuana before end of year

Six Democratic governors have formally asked the Biden administration to move on rescheduling marijuana before the end of the calendar year.

Rescheduling marijuana would liberate plant-touching firms from Section 280E

If and when rescheduling becomes law, regulated marijuana business owners in the United States would enjoy an enormous tax cut, as the notorious IRS Section 280E would no longer apply.

Cannabis stakeholders upbeat about prospects for end of 280E, stress need for risk-taking

Industry stakeholders speaking at MJBizCon on Wednesday expressed optimism that the Biden administration will reschedule marijuana as a less dangerous drug in the months ahead, a move that would allow cannabis businesses to escape the steep taxes levied under Section 280E of the federal tax code.

New US House Speaker Mike Johnson has opposed marijuana reform

Hard-right conservative Mike Johnson, chosen by House Republicans on Wednesday to be the chamber’s new speaker, has been a staunch opponent of marijuana reform in Congress.

Marijuana MSO Trulieve seeks $143M federal refund for 280E taxes

Multistate marijuana company Trulieve Cannabis Corp. is seeking a federal tax refund of $143 million, saying it “believes it does not owe” the taxes it paid over three years.

House speaker chaos, other priorities complicate cannabis banking bill

The refreshing wave of good news from Washington DC that buoyed the U.S. marijuana industry in late summer might have peaked, with fresh hurdles emerging that could make it harder for Congress to pass cannabis banking reform.

Opinion: Marijuana rescheduling is positive, but we must go further and faster

Rescheduling marijuana is positive news in an industry desperate for good news. But make no mistake, it is not enough.