Statute
IRC §280E
61 published works
Canna Law Blog
California Inches Towards Interstate Cannabis Agreements
It’s no secret that state cannabis markets across the nation are suffering badly. Because of I.R.C. 280E, lack of access to financial institutions, massive operational expenses, plunging prices, and just…
Canna Law Blog
Oregon Tax Court Rules on Marijuana Grow COGS
By Jesse Mondry
For several years one of the biggest problems the cannabis industry has faced is I.R.C. Section 280E. It suffocates the regulated marijuana industry. A recent decision by the Oregon Tax…
Canna Law Blog
What if Federal Marijuana Reform Doesn’t Happen Anytime Soon?
By Jesse Mondry
The Oregon marijuana industry is hurting, much like industry in California and other states. Among the many reasons (overproduction, market saturation) is that federal marijuana laws have not been reformed…
Canna Law Blog
Prepping for a Cannabis Recession
A cannabis recession may be coming and no cannabis business is immune. Prices are rising, operations are expensive to run, over regulation is rampant, local control is stifling, and you…
Canna Law Blog
Marijuana Bankruptcy: The Answer is Still “No”
By Jesse Mondry
The struggles of failing marijuana businesses to wind down and pay creditors in an orderly fashion serve no one. Among the problems marijuana businesses face such as lack of access…
Cannabis Law Now
Decoupling of Section 280E from State Tax Codes
By Steve Levine, Robert Romashko, Kevin Erb
On May 18, 2022, in a 153-2 vote, the Massachusetts House of Representatives voted to amend the state’s tax code to provide income tax relief for Massachusetts cannabis businesses. The…
Cannabis & the Law
Massachusetts May “Decouple” From Section 280E
By Kip Cawley
Key Takeaways: Massachusetts is on the brink of becoming the next member of a growing number of states that are “decoupling” from Section 280E, the federal tax law that severely…
Canna Law Blog
Cannabis Ponzi Schemes
By Jesse Mondry
Investors in marijuana businesses face many risks. To name just a few: the subject of their investment is illegal under federal law; the businesses in which they are investing face…
Canna Law Blog
New York’s New Cannabis Tax Deductions
New York snuck a pretty significant tax break for cannabis businesses into its 2022 budget. The Revenue Bill included a state tax deduction for cannabis related business expenses that are…
Cultiva Law Blog
Who Needs Cannabis Tax Revenue?
By Ken Ford
Every year, the IRS collects billions of dollars from cannabis business owners. If cannabis were federally legal and taxed, then federal tax revenue from cannabis commerce could rise to $18…