Tag: CBT > IRS Code 280E Business: Page 2

Cannabis Business Financial Report

Trulieve Reports Receiving Refund For 280E Taxes Paid

The multistate cannabis company, as noted in its 2023 financial report and earnings call, says it received $113 million of the more than $174 million it requested in combined amended state and federal tax returns.

February 29, 2024

Florida

‘Focus on the Down That’s at Hand’

In this exclusive interview with CBT, Trulieve CEO Kim Rivers explains why the company is ‘laser focused’ on Florida and reclaiming 280E taxes paid.

February 9, 2024

Alabama

CBT’s Most Popular Articles: December

Here are Cannabis Business Times’ most-viewed stories this month.

December 28, 2023

Federal Cannabis Legalization

US Congressman Introduces Bill to Remove Cannabis From CSA, Allow Interstate Commerce, Provide 280E Relief

The legislation has bipartisan support, including from the co-chairs of the Congressional Cannabis Caucus.

December 8, 2023

Cannabis Tax Law

280E: How the Cannabis Industry Got Here

As cannabis businesses brace for potential tax relief should the plant be rescheduled, a look at the origins of IRC Section 280E and why it applies to legal, state-level cannabis companies.

October 18, 2023

Cannabis Tax Law

Michigan Marijuana Dispensary Owner Convicted of Tax Evasion, Obstructing IRS

The owner faces prison time after causing a tax loss to the IRS of more than $1.1 million, according to the U.S. Department of Justice.

September 14, 2023

Cannabis Industry Research

The Impacts of Cannabis Rescheduling: Panelists Weigh In During International Cannabis Bar Association Webinar

Industry legal experts Khurshid Khoja, Amber Littlejohn and Shane Pennington shared insight into what rescheduling could mean for taxes, research and federal enforcement.

September 12, 2023

Legislation and Regulation

Boston … ‘280E THC’ Party? MariMed Takes it Back to 1773

The Massachusetts-based multistate cannabis operator protested unfair cannabis industry tax laws that have hurt businesses and workers alike.

July 13, 2023

Cannabis Cultivation Tax

7 Tax Tips Cannabis Cultivators Should Know

Minimize your tax burden and avoid regulatory pitfalls.

May 15, 2023

New Jersey

UPDATED: New Jersey Governor Signs Legislation to Provide Tax Relief to Cannabis Industry

A bill Gov. Phil Murphy signed into law May 8 allows businesses to deduct certain expenses on their state tax returns.

May 9, 2023

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