Latest In: 280E marijuana taxes

280E 280E marijuana taxes

Congress must end 280E’s punishment of cannabis small businesses

(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Section 280E…

News September 26
280E 280E marijuana taxes 280e tax code Cannabis tax Marijuana tax Section 280E
Image of business tax forms

Dear Congress: 280E isn’t a tax break for cannabis companies

Because 280E thwarts operational success, it greatly incentivizes people to perpetuate the illicit marijuana market.

News March 14
280E 280E marijuana taxes cannabis rescheduling dea dea marijuana rescheduling federal rescheduling internal revenue code section 280E James Lankford Pete Ricketts U.S. Drug Enforcement Administration
Close-up view of U.S. tax return

GOP senators’ bill would keep 280E for cannabis operators permanently intact

Two Republican U.S. senators have introduced a bill that would continue to ban federal tax deductions for the…

News February 10
Get MJBizDaily, the newsletter that gives you an edge in the rapidly changing cannabis industry.
280 280E 280e marijuana tax issue 280E marijuana taxes biden marijuana rescheduling federal rescheduling Internal Revenue Service irs IRS marijuana taxes marijuana reschedule
Close-up view of U.S. tax return

IRS warns cannabis operators that 280E taxes still must be paid

The IRS is reminding marijuana companies that taxes under Section 280E of the Internal Revenue Code still must…

News July 1
280E 280E marijuana taxes 280E refunds Abner Kurtin Ascend Ascend Wellnes Holdings AWH Mark Cassebaum quarterly results Rebecca Koar tax
Close-up view of U.S. tax return

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…

News March 12
280e marijuana tax issue 280E marijuana taxes Internal Revenue Service irs marijuana tax evasion Relief Choices
Exterior image of the Internal Revenue Services' headquarters in Washington, DC

Michigan marijuana store owner convicted of federal tax evasion

The former owner of a Michigan marijuana store could serve up to nine years in prison after he…

News September 13
280E 280e marijuana 280E marijuana taxes 471(c) Calyx CPA greenspoon marder Justin Botillier nick richards
Exterior image of the Internal Revenue Services' headquarters in Washington, DC

Small marijuana businesses take advantage of purported 280E loophole

A growing number of marijuana businesses are taking advantage of a tax strategy that might reduce the costly…

News August 1
2020 election 280E marijuana taxes banking reform legalization
marijuana on the ballot

Marijuana and the 2020 election

With this fall’s general election the U.S. marijuana industry could see its biggest spike in business opportunities since…

News October 1
280E 280E marijuana taxes henry wykowski Tax Cuts and Jobs Act
Image of the word taxes

IRS report foreshadows national uptick in cannabis audits but offers a big loophole, experts say

A new report from a branch of the U.S. Treasury Department confirms the Internal Revenue Service is preparing…

News April 3
MJBizCon Logo