GreenGrowth CPAs

Does 280E Apply to State-Licensed Cannabis Businesses?


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Cannabis is a Schedule 1 controlled substance and that makes cannabis businesses subject to IRC 280e.   But does 280e apply to legal cannabis businesses and how do they try to protect themselves in an IRS audit situation? Those are two great questions and a new tax court ruling that came out in October 2019 gives some guidance […]
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GreenGrowth CPAsBy GreenGrowth CPAs