Tag: CBT > IRS Code 280E Business

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.

May 29, 2026

Cannabis Rescheduling

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.

May 21, 2026

Cannabis Rescheduling

Former Federal Prosecutor, Former IRS Lawyer Warn Cannabis Industry About Jumping on DEA Registration Bandwagon

The takeaway? Consult with experienced lawyers and tax professionals and consider the risks, as the landscape continues to shift.

May 18, 2026

Cannabis Rescheduling

New Medical Cannabis Expansion Era Could Ignite Under Schedule III

California is streamlining its licensing process; New Jersey could consider allowing adult-use licensees to become dual-use; and D.C. already has a loophole.

May 4, 2026

The Last Word

Trulieve CEO ‘Not Concerned’ by DEA’s Middleman Role in Schedule III Order

Kim Rivers dives into the feds’ impending access to her company’s facilities and other treaty obligations, as well as 280E taxes, product development and scientific research.

April 24, 2026

Cannabis Rescheduling

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.

April 9, 2026

Florida

Florida’s 54,000-Signature Miscount on Legalization Petition Leads CBT’s Top Stories in February

Florida officials underreported the number of signatures that county election officials validated for the state’s adult-use cannabis legalization initiative.

February 25, 2026

Cannabis Tax Law

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.

February 12, 2026

Cannabis Tax Law

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.

January 5, 2026

Cannabis Rescheduling

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.

December 23, 2025

Cannabis Tax Law

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.

May 14, 2025

Federal Cannabis Legalization

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.

April 21, 2025