Statute
Section 280E
32 published works
Budding Trends
The Vault Is Still Locked: A Banking Update on Cannabis Rescheduling
There's a scene near the end of every heist movie where the crew finally cracks the vault and it's empty. Somebody already got there first, or the money was never…
Budding Trends
Is the Most Impactful Part of Marijuana Rescheduling an Obscure Sentence in the Tax Code?
This is the second of 13 posts describing the impacts of marijuana’s rescheduling. An homage to Phish’s historic run at Madison Square Garden in the Summer of 2017, Budding Trends…
In The Weeds
A New Challenge to Section 280E Could Result in Lower Taxes for State-Legal Medical Cannabis Businesses
By Joshua Horn
A new U.S. Tax Court case, New Mexico Top Organics, Inc. d/b/a Ultra Health v. Commissioner, could reshape how Section 280E of the U.S. tax code applies to state-legal medical…
Budding Trends
Tax Court Delivers Another Setback to Marijuana Operators, Refuses Deduction for Business Wages
It’s not always bad news when cannabis operators interact with the federal government. After all, the federal government largely allows marijuana companies to operate in an overwhelming majority of states…
Budding Trends
It Ain’t Over ‘til It’s Over: IRS reminds Taxpayers That Section 280E Applies to Marijuana Companies Until Rescheduling Becomes Law
This is a tax blog. Stay with me – it’s short. While marijuana advocates celebrate the potential rescheduling of marijuana from Schedule I to Schedule III, the taxman has made…
Canna Law Blog
Read This Before Selling Your Cannabis Business. Or Filing Your Next Tax Return
I’d like to send a shoutout to tax lawyer Nick Richards for an intriguing opinion piece published on Friday, September 1 in Marijuana Business Daily. Nick outlines two approaches to…
Ad Law Access
Lawmakers Reintroduce Key Federal Cannabis Legislation
By Kristi L. Wolff, Shea O'Meara
Two recently-introduced bills are sending a message in Washington D.C.: federal law should harmonize with states on marijuana issues. The first, the Small Business Tax Equity Act, would upend a…
Canna Law Blog
FREE WEBINAR: IRS Enforcement of Cannabis Operators is Here – What Do We Do Now?
Register HERE to attend a free panel of experts directing cannabis operators on how to best combat the forces of recent movements from the IRS. IRS enforcement is increasing and…
Cannabis Law Blog
Organized Labor Rolls Up To The Michigan Cannabis Industry
By Brett Gelbord, Robert Boonin
Earlier this month, a cannabis company located in Manistee, Michigan, announced that its dispensary workers successfully unionized, marking the first instance of organized labor in the state’s cannabis industry. The…
The Blunt Truth®
The Week in Weed: June 25, 2021
By Susan Ryan
Welcome back to The Week in Weed, your Friday look at what's happening in the world of legalized marijuana. Connecticut legalized adult-use cannabis. Rhode Island could soon follow. The Supreme…