Industry Guide

Weighing Cannabis Flower

Industry Deep Dive: What is 280E and How Does It Affect Cannabis Businesses?

Although the cannabis industry remains federally illegal, both plant-touching and ancillary businesses still owe federal taxes. Unfortunately, unlike other businesses that benefit from certain deductions and credits that fall under Internal Revenue Code Section 280E, cannabis businesses like cultivators, processors, and dispensaries cannot take the same deductions. As a result, the tax burden on plant-touching …

Industry Deep Dive: What is 280E and How Does It Affect Cannabis Businesses? Read More »

Scroll to Top
Loading...