280E

Former FDA Agent Says Big Pharma Not Likely To Get Involved In Cannabis Industry After Rescheduling
New Tax Rules In Cannabis: What Are The Consequences DEA Rescheduling?
Beating The IRS Tax Code: A Cannabis Company's Successful ESOPs Transition To Empower Workers And Unlock Growth
New Tax Rules In Cannabis: What Are The Consequences DEA Rescheduling?
Beating The IRS Tax Code: A Cannabis Company's Successful ESOPs Transition To Empower Workers And Unlock Growth
Top Cannabis Diversification Secrets: Industry Leaders Reveal Strategies For Success At Benzinga Conference
Cannabis Industry Facing High Cost Challenges As Tax Day Approaches

280E Recent News

Utah Considers Defunding Agencies That Discriminate Against Medical Marijuana Patients, Arizona Wants To Sell Weed Across State Lines & More Cannabis Regs
A new Arizona measure seeks to allow for cannabis to be sold across state borders. However, House Bill 2770 from Rep. Justin Wilmeth is contingent on the legalization of cannabis on the federal level. Rhode Island Governor Daniel McKee is seeking to separate state and federal tax policy for the cannabis industry. Some states already opted for to bypass the Internal Revenue Service (IRS) code known as 280E under which cannabis operators are not eligible for tax deductions for businesses as they work with Schedule I and Schedule II drugs under the Controlled Substances Act (CSA). In Virginia, the two lawmakers behind competing bills that would set up marijuana sales, have come to an agreement that all retailers would be allowed to get into the cannabis business by March 1, 2025.In Utah, a measure that could strip cities from funding as a result of refusing to medical cannabis as a valid prescription drug is advancing through the state legislature.
Cannabis Operators Are Not Risk-Takers Living On The Edge, Most Are Compliant, Says Marijuana Lawyer
Viridian Chart Of The Week: Finding The Right Balance Between Cheapness And Safety In Cannabis Stocks
Third-quarter earnings have been released for all companies in the Viridian Chart of the Week. Equity prices have had an opportunity to react to the news (or not). 
Hochul Signs Tax Relief Measure For Cannabis Operators In NYC, Finally A Break For Legal Businesses
Governor Kathy Hochul (D) signed a cannabis tax relief measure into law that will help New York City businesses that are not entitled to certain federal tax deductions under federal law. The bill, S7508, from Sen. Luis R.
Trulieve Vs The IRS Over Millions Of Dollars In Tax Refund, Relocates One Of Its Florida Stores
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced on Friday the filing of amended federal tax returns with refund claims for several of the company's business entities for 2019, 2020 and 2021.
Pennsylvania Stands Up To Federal Law On Medical Cannabis Taxes
A large-scale tax reform measure that recently advanced through the Pennsylvania legislature includes provisions that offer a partial solution to the restrictive IRS code known as 280E, which bans tax deductions at the federal level for state-licensed medical cannabis
Cannabis Chart Of The Week: How Much Will MSOs Save In Taxes From Elimination Of 280e?
One of the most important results of the potential rescheduling of cannabis to Schedule 3 is eliminating 280e taxes. In previous charts of the week, we have shown that 280e significantly negatively impacts cannabis companies by reducing their internally funded growth and limiting their debt capacity.
Viridian Chart Of The Week: The Impact Of 280e, High Leverage And High Capital Intensity On Cannabis Growth
Last Week’s Viridian Chart of the Week explored the relative capital intensity of cannabis compared to other industries that cannabis, including alcohol, tobacco, pharmaceuticals, and CPG. The results established that cannabis is the most capital-intensive of these industries in terms of incremental capital required per dollar of additional sales.
Acreage Holdings: Q2 Revenue $58.1M, Boasts Record Revenue In NJ And CT, Positive Adjusted EBITDA
Acreage Holdings, Inc. (CSE: ACRG, ACRG.B.U) (OTCQX: ACRHF, ACRDF) reported its financial results Wednesday afternoon for the second quarter ended June 30, 2023.
Cannabis Chart Of The Week: Rule 280e – Taxation Without Representation?
In honor of Independence Day, the Viridian Capital Chart of the Week explores the impact of IRS Rule 280e, the most egregious tax leveled on any American industry, posing an existential threat to even some of the largest MSOs.
NYC Marijuana Businesses Get A Tax Break As New Cannabis Czar Focuses On Social Equity
A measure that would grant tax relief to cannabis businesses in New York City, which they are not entitled to under federal law, got the green light from the State Senate on Monday,
Marijuana Decriminalization On Hold In Texas, Marijuana And Guns Saga Continues & More Pot Regulations
Texas Senate Takes No Action On Marijuana Bills, Kills Legalization Push As Session Ends
Should Marijuana Tax Revenue Help Police And Not Conservation? Plus: New KY Bill To End Legal Weed Alternative & More Cannabis Regs
New Bill Could End Legal Marijuana Alternative In Kentucky GOP lawmaker Rebecca Raymer has filed a bill proposing a ban on sales of products containing delta-8 THC alongside other hemp-derived intoxicating substances in Kentucky.
Taxation, 280E, And The Challenges Of Accounting For Cannabis Dispensaries
Currently, too many accounting professionals are making big mistakes by misinterpreting the tax code in an attempt to increase the deductions dispensaries take.
Cannabis MSOs Using Tax Liability Loopholes To Fund Operations, Which Ones Top This Analyst's List?
Federal prohibition makes it difficult for a cannabis business to operate fair and square. Not only is it depriving them from access to the financial system, but it also denies them the right to any U.S. federal income tax deduction for ordinary and necessary business expenses, despite being recognized as a legal business on the state level.
2022 Cannabis Halftime Report: Batten Down The Hatches
There is a perception that licensed legal cannabis businesses are essentially printing money. Year after year, mainstream news articles tout the exponential growth of the industry, the record-breaking sales figures each 4/20 and the increasing number of states enacting or considering legalization.
Will A Federal Excise Tax Replace Lost 280E Tax Revenues?
While the nature, extent and timing of U.S. cannabis policy reform remains in limbo, a federal excise tax is inevitable and with that (if not before) the elimination of the 280E tax burden. 
Your Guide To Cannabis, Real Estate, 280E And Entities
By Andrew Hunzicker, CEO, DOPE CFO
Will a Federal Excise Tax Replace Lost 280E Revenues?
KEY POINTS:  While the nature, extent and timing of U.S. cannabis policy reform remains in limbo, a federal excise tax is inevitable and with that (if not before) the elimination of the 280E tax burden.