Unfair Missouri Cannabis Tax Law Clause 280E May Change With Bill Passed By State Lawmakers

Lawmakers in the Show Me State just passed a bill that will help with an unfair Missouri cannabis tax law that medical cannabis businesses have been complaining about. If the governor signs off, this will be a huge step for the industry and the state. Missouri lawmakers passed this bill during…

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Unfair Missouri Cannabis Tax Law Clause 280E May Change With Bill Passed By State Lawmakers

Lawmakers in the Show Me State just passed a bill that will help with an unfair Missouri cannabis tax law that medical cannabis businesses have been complaining about. If the governor signs off, this will be a huge step for the industry and the state. Missouri lawmakers passed this bill during…

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What is the IRS 280E Tax Code and Why is It Killing the Marijuana Industry Right Now?

The cannabis industry in the United States of America is gradually evolving into a multi-billion dollar business sector. It is not unusual that regulations have not been modified to suit this industry, because it is fairly new. It is also a recently legalized industry. However, there is a cumbersome issue…

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Florida Rep. Matt Gaetz: Time to remove cannabis-industry-punishing 280E from tax code

Published: Nov 8, 2017, 11:11 am • Updated: Nov 8, 2017, 11:11 am By Matt Gaetz, Guest Commentary In 1981, a Tax Court judge ruled on tax deductions taken by Mr. Jeff Edmonson, a man with a unique business: the large-scale distribution of drugs. For the tax year in question,…

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Tax troubles for cannabis industry: Why the pot-punitive IRS Code 280E isn’t going anywhere

Published: Oct 21, 2016, 6:33 am • Updated: Oct 21, 2016, 6:42 am By The Cannabist Staff We’re nearly three years into legal adult-use pot sales in Colorado, and IRS code 280E is still taking its toll on legal cannabis businesses. Adopted about 30 years ago, 280E disallows credits and…

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NCIA Releases 280E Guide To Help Marijuana Businesses During Tax Season

(via dailyfinance.com) I get asked all the time for advice and tips on how to start a marijuana business. Most of the time people want to bounce ideas off of me that involve growing and/or selling marijuana. Sometimes it will involve an ancillary industry idea, but for the most part…

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