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Cannabis 280E Best Practices

An educated approach to 280E can save you money, reduce tax complications, and protect you in the event of an audit.

Reduce Tax Exposure and Risk of IRS Audits

Internal Revenue Code (IRC) 280E is one of the biggest obstacles plant-touching cannabis operators must overcome. A mismanaged 280E approach can raise your tax exposure 50-80% and put you at serious risk of an IRS audit. An educated approach to allocating Cost of Goods Sold (COGS) and entity structure can save you money, reduce tax complications, and protect you in the event of an IRS or state/local audit. 

Latest 280E Guidance

advantages of quarterly tax reviews

Advantages of Quarterly Tax Reviews

As we approach the last tax extension deadlines of the year many cannabis operators are scrambling to get their information and documents in order. While

280E Deductions for Retailers

280E Deductions for Cannabis Retailers

Optimizing 280E deductions for cannabis retailers and dispensaries is the key to lowering tax exposure and boosting profitability. Above all, IRS Code 280E was intended

280E Deductions for Cannabis Cultivators

280E Deductions for Cannabis Cultivators

Until major regulatory changes occur, IRC 280E will remain the biggest obstacle to profitability for cannabis operators. The inability to deduct common operating expenses makes

How GreenGrowth CPAs Can Help Support 280E Planning

Our goal at GreenGrowth CPAs is to help individuals and companies in the cannabis industry identify and apply tax and business strategies to increase their cash flow while making sure they are in full compliance with all applicable states’ rules and regulations. Our deep experience in the cannabis industry has helped us engineer an optimal approach to 280E that can help you save money. Schedule a consultation with us to see how we can upgrade your 280E and tax compliance approach.


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