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Tax Deductions DEA Controlled Substances

Fox Rothschild LLP

High Time for Cannabis Businesses to Start Tax Planning

Fox Rothschild LLP on

Cannabis businesses should prepare now for certain tax benefits since the Drug Enforcement Administration’s (DEA) recent recommendation to reschedule cannabis from a Schedule I controlled substance to a Schedule III...more

Harris Beach PLLC

Can Cannabis Companies Deduct Business Expenses? Two Operators Say Yes

Harris Beach PLLC on

Federal tax relief could be on the horizon for New York cannabis companies with two multistate cannabis operators claiming to have found the secret to escaping the tax obligations imposed by Section 280E of the Internal...more

Bricker Graydon LLP

The Possible Demise of 280E in the World of Cannabis

Bricker Graydon LLP on

The Internal Revenue Code, 26 U.S. Code §280E, is the bane of any business associated with the “trafficking” of Schedule I or Schedule II controlled substances....more

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