Cannabis Tax Law

7 House Democrats Demand IRS, Treasury Provide 280E Cannabis Guidance

The U.S. representatives sent a letter urging ‘clear, timely guidance’ for state-licensed medical businesses following the DOJ’s rescheduling order.

Cannabis Business Leans on Schedule III Listing, Asks US Tax Court to Recognize 280E Refunds for Prior Years

The IRS can’t dispute that medical cannabis falls outside the meaning of Schedule I or II ‘without contradicting the president, the acting attorney general and HHS,’ the company says.

Whitney Economics Refreshes Analysis of Federal Tax Impact on Legal Cannabis Operators

The cannabis industry is ‘being taxed out of business,’ Chief Economist Beau Whitney said about the IRS’s 280E policy.

LA Equity Group Circulates Letter Opposing Cannabis Tax on Unlicensed Businesses

The letter suggests taxing unlicensed businesses would legitimize their operations without requiring the compliance standards applied to licensed businesses.

CRS Weighs 280E’s Constitutionality for Cannabis Businesses

The Congressional Research Service addressed legal questions on Section 280E’s punitive tax application to licensed cannabis operators.

ESOPs for Cannabis Operators: A Fix for the 280E Problem?

Employee Stock Ownership Plans can benefit cannabis companies, business owners, and employees, but downsides exist, and the rules are intricate.

Typical Dispensary to Save $268K Annually Under Schedule III Reclassification

Cannabis retailers in higher-volume states, such as Maryland, would save an average of $805,000 annually per store if the Section 280E tax burden is removed.

Michigan 24% Cannabis Tax Will Take Effect After Judge Rejects Injunction

The Michigan Court of Claims denied a motion attempting to block the new wholesale tax from starting next month.

Herbal Alternatives Dispensary Founder Pleads Guilty to $1.2 Million in Federal Tax Evasion

The former owner of the Washington, D.C.-based cannabis retailer admitted to not paying federal income and employment taxes for five tax years.

US House Reps File Bill to Legalize Cannabis, Deliver 280E Relief, Permit Interstate Commerce

Three bipartisan U.S. lawmakers reintroduced the STATES Act to federally deschedule cannabis and end 85-plus years of prohibition.

State Officials Continue Treating Cannabis Businesses as 'Piggy Banks' in 2025

California, Maryland, Maine and Mississippi are entertaining cannabis excise tax hikes this year that could put licensed businesses in jeopardy.

Federal Marijuana Rescheduling on the Horizon: A Big Step Forward But Not the Be-All-End-All

Rescheduling does not make cannabis legal throughout America and the U.S. territories; It makes cannabis a federally regulated medication—and many questions remain about the fate of the industry.

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