Tag: cannabis business
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What Rescheduling to Schedule III Could Mean for Cannabis Businesses
Learn about the potential rescheduling of cannabis to Schedule III and what it could mean for IRS Section 280E, tax planning strategies, and profitability for cannabis operators.
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IRS Response to Cannabis Tax Court Case
The IRS has formally rejected cannabis §280E arguments in a March 6, 2026 Tax Court filing. Here’s what it means for refunds, amendments, and penalties.
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IRS affirms marijuana’s Schedule I status and Section 280E application
The IRS has affirmed that marijuana remains classified as a Schedule I controlled substance. Here are the details.