Latest In: Internal Revenue Service

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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
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IRS: Marijuana cash transactions aren’t automatically suspicious

Large cash transactions by marijuana businesses should not automatically be reported as suspicious, according to new IRS guidance.

News March 19
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What the end of 280E might mean for cannabis business taxes

As the U.S. Drug Enforcement Administration weighs whether to revise marijuana to a Schedule 3 controlled substance, regulated…

News October 17
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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…

News October 13
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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
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