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280E Clarence Thomas marijuana marijuana prohibition marijuana taxes Supreme Court marijuana
Supreme Court Justice Clarence Thomas talks with Ag Secretary Sonny Perdue in 2017

Clarence Thomas: US marijuana ban ‘may no longer be necessary’

One of the U.S. Supreme Court's most conservative justices on Monday wrote in a legal opinion that the…

News June 28
Marijuana research new mexico marijuana

With DEA approval, New Mexico to get $300 million marijuana research facility

An immense marijuana cultivation facility is slated for rural New Mexico, now that the parent company has gotten…

News May 24
280E irs marijuana audit marijuana taxes
Tax form and glasses

10 tips to help your marijuana business survive an IRS audit

Make no mistake, the U.S. Internal Revenue Service plays to win. And cannabis companies need to prepare accordingly…

News May 19
marijuana economic impact
A map showing the economic impact of the marijuana industry on U.S. states.

Marijuana industry expected to add $92 billion to US economy in 2021

From jobs to tax revenue to commercial real estate, the marijuana industry has a large – and growing…

News May 11
Census population
A map showing the changes in population from the 2020 census for states where marijuana is legal.

Recreational marijuana states see population growth but loss of US House seat

The population in the 17 states where recreational cannabis is legal, as well as Washington DC, continued to…

News May 4
Chuck Schumer Cory Booker marijuana congress marijuana legalization Ron Wyden
U.S. marijuana legislation

US marijuana legalization advocates in ‘waiting game’ on Schumer bill

It's been more than two months since Senate Majority Leader Chuck Schumer pledged to tackle federal marijuana legalization,…

News April 19
280E irs marijuana and the irs marijuana taxes
Cover image for MJbizdaily's "The Tax Man's Marijuana Secrets: Part Three"

IRS has spent years training agents on marijuana audits

The IRS has been training its agents for at least eight years in the finer details of auditing…

News April 14
280E marijuana taxes
A logo image for The Tax Man's Marijuana Secrets

280E is a political weapon targeting marijuana companies, but there may be a fix

I’m angry. There are too many examples of innocent people suffering because of our nation’s politics and prejudices.…

News April 14
280E IRS marijuana marijuana taxes
Chart explaining some of the IRS cannabis audit techniques

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…

News April 13
IRS and marijuana Section 280E
An informational graphic showing inside 280e IRS audits

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…

News April 12
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