I’m angry. There are too many examples of innocent people suffering because of our nation’s politics and prejudices.
The Internal Revenue Service’s audit program and enforcement of Section 280E of the federal tax code are another example.
John Schroyer
John Schroyer's Latest Posts
Longtime marijuana reform activist Steve Fox dies
The cannabis industry and reform movement is mourning the death of one of its staunchest advocates, Steve Fox. The cause of Fox's death, which occurred Monday, was not disclosed. He was 53 and residing in Bethesda, Maryland, according to Denver-based VS Strategies,...
Confidential IRS marijuana guide details audit procedures for agents to follow
Marijuana industry tax experts have known for years the IRS was circulating among its agents a document akin to an Audit Technique Guide – essentially, a manuscript for how agents should deal with Section 280E of the Internal Revenue Code and the state-legal cannabis businesses that it covers.
Uber could get into cannabis delivery business, CEO says
Uber could branch into cannabis deliveries if the federal government repeals its national marijuana prohibition, the CEO of the ride-sharing pioneer said Monday. "When the road is clear for cannabis, when federal laws come into play, we’re absolutely going to take a...
Documents reveal how IRS became more adept at evaluating marijuana company taxes
The Internal Revenue Service has been scrutinizing the books and records of marijuana companies for more than a decade, ordering business owners to hand over tens of millions of dollars in unpaid taxes.
Newly released IRS documents detail efforts to collect taxes from marijuana companies under 280E
The IRS has been fixated on the state-legal marijuana industry for more than a decade, largely because it’s been extremely lucrative for the federal agency to audit cannabis companies.
A primer on marijuana-related IRS terminology
Here are explanations of terminology the IRS uses in relation to marijuana-related tax issues.
Subleasing likely to provide a path for out-of-state companies into Arizona’s recreational cannabis market
With the January launch of Arizona’s adult-use marijuana market, insiders predict strong growth in the number of out-of-state companies using a backdoor method to enter the burgeoning recreational industry there: subleasing space in large cultivation or manufacturing facilities.
California cannabis firm Glass House Group to be bought in $567M deal
California cannabis company Glass House Group is set to be acquired by a 2-year-old special acquisition company (SPAC) in a blockbuster $567 million deal aimed at creating California’s largest vertically integrated marijuana business.
New marijuana alliance joins Koch brothers, social justice advocates
The Cannabis Freedom Alliance is the third national marijuana reform group announced in three months this year, but the difference with this one is its Republican participation – particularly the billionaire Koch brothers.
Marijuana tech firm Fyllo completes $30 million Series B capital raise
Chicago-based ancillary marijuana company Fyllo said Tuesday it completed a $30 million Series B capital raise intended to fund further growth into the cannabis sector as well as other “highly regulated industries.”
California marijuana advocates drumming up support for proposed statewide ballot measure
After enduring years of frustration stemming from myriad business complications, the California marijuana industry might soon have a way to "fix legal cannabis" in the state. A statewide ballot measure is being floated that could potentially ease the high taxes,...
