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
When congressional lawmakers first conceived the obscure federal tax rules known as 280E in the early 1980s, the goal was to strip drug kingpins and
Continue reading and watch our video below to learn more about IRC 280E and its Impact on Cannabis Business Taxes and Cannabis Accounting. Hey my
As a cannabis business owner, the incredible burden of taxes is a harsh reality. And dispensaries are hurt the most by the restrictions of IRC
As a cannabis business operator, you’re well aware of 280E and the restrictions it puts on cannabis businesses when filing their cannabis business taxes. But,
Cannabis is a Schedule 1 controlled substance and that makes cannabis businesses subject to IRC 280e. But does 280e apply to legal cannabis businesses and how do
The outcome of NCBSA v. CIR shows why it’s so important to have a licensed tax expert help with your cannabis business taxes.  Â
AHCA v. Commissioner of Internal Revenue shows that courts are likely to view cannabis management companies as subject to the 280E regulation.   Alternative
This list offers some common business expenses that you many not write off on your cannabis business tax return. IRC 280E prohibits any company operating
At the end of 2017, the United States Government made the biggest update to the tax code in over 30 years called the Tax Cuts