Tag: CBT > IRS Code 280E Business: Page 4

Cannabis Tax Law

Small Business Tax Equity Act Introduced in US House to Provide Relief to Cannabis Industry

The legislation, sponsored by Rep. Earl Blumenauer, would allow state-legal cannabis businesses to take deductions like any other legal business.

April 18, 2023

Cannabis Price Compression

Canadian Cultivators Say Need For Reform 'Urgent'

Canadian operators are still navigating myriad challenges—including tax burdens, a strong illicit market and disparate provincial regulations—four years after adult-use sales launched.

March 1, 2023

Legislation and Regulation

To Reschedule or Deschedule? Plant-Touching Businesses Weigh In

Owners and operators of cannabis companies across the U.S. say they would like to see cannabis completely descheduled as a result of President Joe Biden’s order to review cannabis’s status under the Controlled Substances Act.

November 7, 2022

Investors in the Cannabis Market

Solutions to Shared Problems

The challenges for plant-touching businesses working to produce top-quality and compliant products to best serve customers, all while navigating the constant hurdles from the federally illegal status of cannabis, can seem insurmountable.

August 25, 2022

Top Stories

Spreading the Wealth

Al Harrington, 16-year NBA veteran and CEO/co-founder of Viola Brands, is on a mission to bring opportunity to the people most affected by the war on drugs.

January 26, 2022

Hiring Cannabis Personnel

Growth Despite Headwinds

Cannabis cultivation companies report increased revenues in industry study despite challenges of 2020.

June 2, 2021

Cannabis Tax Law

Tax Law Changes: Can You Save?

Recent changes to tax laws appear to open paths for plant-touching businesses to save on taxes.

February 3, 2021

Finance

R&D Tax Credit: A Viable Option to Reduce Tax Burdens?

Proper planning and corporate structuring can help cannabis and hemp companies find tax savings despite 280E restrictions.

December 3, 2020

Finance

Latest Tax Administration Report Raises Questions for Cannabis Businesses

Are more tax audits coming? And does a new section of the IRS Tax Code offer relief from 280E?

April 14, 2020

Interviews & Opinion

3 Tax Tips for Your Hemp Business

MGO | ELLO’s Sanjay Agarwal shares some guiding principles for hemp operators this tax season, from the structuring of the business to incentives to sell products to a broader global market.

March 25, 2020

Finance

What Does the Federal Tax Deadline Extension Mean for the Cannabis Industry?

CPA Dean Guske shares what businesses should be aware of in the wake of the government’s announcement that tax payments can be delayed until July 15 amid coronavirus concerns.

March 20, 2020

Legislation and Regulation

New Mexico Court Rules Medical Cannabis Producers Can Claim Tax Deduction

A state Court of Appeals ruling allows producers to claim a tax deduction for prescription medication, which could affect both patients’ costs and the state budget.

February 3, 2020