In most circumstances, the IRS and other regulatory tax bodies are authoritative in their perspective and decisions. But the punishing cannabis tax regime is so
Cannabis businesses operate under an unfair tax system that creates significant complexity and and heavy burden. The best way to beat regulators at their own
Optimizing 280E deductions for cannabis retailers and dispensaries is the key to lowering tax exposure and boosting profitability. IRS Code 280E was intended to prevent
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
The term audit makes cannabis business owners cringe, and a potential visit from the IRS causes panic among most of us. Tax issues can have
Cannabis business owners are much more likely to encounter scrutiny from the IRS as a result of onerous tax demands and the conflict between state
With the steep decline of wholesale flower prices in several mature cannabis markets, already slim profit margins for cannabis cultivators are now razor thin. Compounding
When filing taxes, cannabis cultivators have a major decision to make when faced with the question: “Will you be Filing 940/941 or 943 forms for
On July 14th, Senate Majority Leader Chuck Schumer presented a newly revised proposal for a comprehensive cannabis reform bill in the United States. The Cannabis
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