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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

Cannabis Tax Audit Appeal Case
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Cannabis Tax Audit Appeal Case

As a cannabis business owner, the incredible burden of taxes is a harsh reality.  And dispensaries are hurt the most by the restrictions of 280E.

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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