Home Tags 280e

Tag: 280e

federal tax deductions

Federal Tax Deductions: On the Horizon or Merely a Mirage?

It would be an understatement to say the federal government has been harsh on state-legal cannabis companies, whether by denying them federal tax deductions...

Will 2021 Bring Federal Tax Relief?

There’s no quicker way to get a rise out of a cannabis business owner than to mention Section 280E, the dreaded Internal Revenue Service...

What Interstate Commerce Could Mean for Employers

Cannabis legalization is continuing to spread across the country. Five new states joined the list in 2020; every ballot measure seeking to expand medical...

Have You Been Dumped by Your Payroll Provider?

Mainstream payroll providers are dropping legal cannabis companies left and right. Often, the decisions result from state or federal banking and tax regulations. For many...

Cannabis Industry Reacts After Gov. Newsom Signs Bill to Bring Tax Relief

Making it in the cannabis industry is notoriously difficult, but a new bill signed by Governor Gavin Newsom (D-Calif.) could make things a bit...
shutterstock 158874281

IRS Uses 280E to Go After State Legal Cannabis Businesses on Taxes

The complex issue of cannabis taxes just got a bit more confusing for some Colorado businesses. The IRS has started audits on cannabis businesses in...