Will your cannabis business qualify for retroactive 280E relief? Here’s how you can find out.
The tax implications of medical cannabis rescheduling aren't yet fully known, but cannabis businesses can take action now.
News May 8
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DC cannabis store owner owes $930,000 in back taxes, indictment alleges
A Washington, D.C., marijuana dispensary owner faces 19 charges of failing to pay about $930,000 in federal income…
News March 11
Cannabis MSO Jushi benefiting from little-used IRS tax-credit program
The IRS owes Jushi Holdings about $6 million in Employee Retention Credit (ERC) claims, but the cannabis multistate…
News February 24
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June 9
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
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
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
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
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
Marijuana industry overpaid $1.8 billion in federal taxes in 2022, analysis shows
Marijuana companies paid more than $1.8 billion in federal taxes in 2022 compared to non-cannabis businesses as a…
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