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Tag: Internal Revenue Code Section 280E
Managing Receivables in 2024
In the early days of California’s medical market, dispensaries set the rules, payment terms, and timetables, and growers and other vendors could either fall...
IRS Reaffirms Marijuana’s Status Under Federal Tax Law
WASHINGTON – The Internal Revenue Service (IRS) has reiterated marijuana remains classified as a Schedule I controlled substance, and businesses involved in manufacturing, distribution,...
The Financial Impact of Cannabis Rescheduling
Ever since August 2023, when the Department of Health and Human Services (HHS) recommended moving marijuana to a less-restrictive schedule under the federal Controlled...
Analysis: Eliminating 280E Could Save 12 MSOs $700 Million Annually
NEW YORK – The twelve largest operators in the cannabis industry would save a combined total of $700 million annually if Internal Revenue Code...
Raising the Bar: the International Cannabis Bar Association
The cannabis reform movement has travelled a long and winding road in pursuit of freedom, liberty, and justice. The ultimate goal: the end of...