Marijuana MSOs set up high-risk fight with IRS over 280E of tax code
Tens of millions of dollars in tax savings and a quick increase in available cash are some of…
News August 15
Latest In: 280E
Leading Democratic senators call for marijuana to be ‘entirely’ descheduled
Marijuana should be removed from the Controlled Substances Act altogether, not just moved to a lower, lesser-policed classification,…
News August 5
What tax deductions will be available to marijuana companies if 280E disappears?
Marijuana rescheduling would liberate plant-touching companies from 280E, which prohibits businesses from deducting ordinary expenses.
News July 5
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
Biden drug czar hints at interstate commerce if marijuana is rescheduled
Marijuana rescheduling could allow for “legitimate interstate commerce within the federal system,” the Biden administration’s drug czar said…
News May 28
Clock starts now as DEA publishes marijuana rescheduling proposal
The U.S. Drug Enforcement Administration on Tuesday published its formal proposal to reclassify marijuana as a less dangerous…
News May 21
Cannabis operators’ delinquent payments total more than $3.8 billion, report says
Total delinquent payments by U.S. cannabis operators have exceeded $3.8 billion and could balloon to $4.2 billion in…
News April 3
280E, new markets and wholesale revenue highlight cannabis earnings season
Tax strategies took the spotlight in fourth-quarter financial reports from publicly traded U.S. cannabis companies.
News March 21
TerrAscend expects $26 million tax refund, shares strategy for marijuana nemesis 280E
TerrAscend Corp. is the latest marijuana multistate operator to announce a plan to stop paying taxes owed under…
News March 15Featured
1
Latest Sponsored
