Cannabis Operators Stuck in Tax Limbo as IRS Delays 280E Guidance
Cannabis businesses await IRS guidance on tax deductions following the DEA's recommendation to reschedule marijuana to Schedule III, leaving...
Tag
#280E
Business
Illinois Adult-Use Retailers Rush to Add Medical Licenses
Illinois recreational cannabis retailers are adding medical licenses to access federal tax relief under Section 280E and DEA registration el...
Legislation
DEA Publishes Rescheduling Hearing Transcript as Decision Looms
DEA has published the December rescheduling hearing transcript, advancing the process toward a decision on moving marijuana to Schedule III....
Legislation
State Regulators Struggle to Guide Cannabis Businesses on Schedule III
State marijuana regulators say they can't advise licensed businesses on rescheduling impacts because federal agencies haven't issued guidanc...
Legislation
Congress Urges IRS to Clarify Tax Rules for Cannabis Businesses
Congressional lawmakers are demanding the IRS provide immediate tax guidance for cannabis businesses following marijuana's rescheduling to S...
Business
Federal Rescheduling Could Free $3B+ Locked in Cannabis Tax Penalties
DEA rescheduling would end IRS 280E tax penalties that forced cannabis companies into 70%+ effective tax rates, potentially unlocking $3B+ i...
Business
Tariffs Could Wipe Out 280E Relief for Cannabis Cultivators
New analysis warns that Trump-era tariffs on imported cultivation equipment could offset tax savings from cannabis rescheduling, creating wi...
Business
Medical Cannabis Operators Rush to Register with DEA Post-Rescheduling
Medical cannabis operators are rushing to register with the DEA following marijuana rescheduling, hoping to secure 280E tax relief despite u...
Legislation
DEA Portal Draws 400 Cannabis Operators in First Three Days
Nearly 400 cannabis businesses registered with the DEA's new portal in 72 hours, racing to meet a June 26 deadline for 280E tax relief under...
Business
Cannabis Rescheduling Delivers Narrow 280E Tax Relief, Not Industry-Wide Win
Trump's marijuana rescheduling to Schedule III provides tax relief only for cultivation and manufacturing operations, while most dispensarie...
Legislation
Trump Administration Moves Cannabis to Schedule III in Partial Win
The Trump administration rescheduled cannabis to Schedule III, providing tax relief to licensed operators but stopping short of full legaliz...
Business
Cannabis Operators Pivot Strategy as Schedule III Decision Looms
Cannabis companies are pursuing clinical trial partnerships and expansion strategies in anticipation of marijuana's potential rescheduling t...