Tag: 280E

This Cannabis Sector Is Down In 2024

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- February 23rd, 2024 at 4:09 pm

Cannabis Stocks May Escape From Hell

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- September 3rd, 2023 at 7:52 am

So Bad It Is Good

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- July 2nd, 2023 at 6:20 pm

Headwinds Aren’t Yet Lifting

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- June 25th, 2023 at 6:20 pm

Here Is Who’s Killing It in Cannabis

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- April 3rd, 2022 at 10:50 am

A Massive Swing in Cannabis Sector Sentiment

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- August 9th, 2020 at 10:56 am

How Punitive Cannabis Tax 280E Could End

The cannabis industry faces several significant burdens, though perhaps none as onerous as 280E, an antiquated tax rule that prohibits companies that grow, process or sell cannabi from deducting...
- April 13th, 2017 at 3:18 pm

Bipartisan Bills to Kill 280E Tax Introduced in Congress

Bipartisan Members of U.S. Senate and House Introduce Sweeping Measures to Reform Marijuana Policy and Support Cannabis Businesses In a key development, Rep. Carlos Curbelo (R-FL), Republican member of...
- March 30th, 2017 at 12:02 pm

Harborside Health Center Takes on IRS

Fighting the Feds, Round Two: Harborside vs. the IRS Industry threatened as nation’s model dispensary attacked over obscure tax code, 280E OAKLAND, Calif., Jun 04, 2016 (GLOBE NEWSWIRE via...
- June 4th, 2016 at 12:41 pm

The Taxation of Legal Cannabis Part 2 – Cost of Goods Sold

Last week I introduced the conflict between federal income tax law and state-sanctioned cannabis enterprises here and here. In brief, the Internal Revenue Code (“Code”) section 280E proscribes state-sanctioned...
- December 16th, 2015 at 2:04 pm

The Taxation of Legal Cannabis Part 1

Mike Parnes, Attorney at Barth Daly LLP With the recent legalization of recreational cannabis sales in Alaska, Colorado, Oregon, and Washington, the writing is on the wall for the...
- December 11th, 2015 at 3:03 pm

Draconian Taxes Punish Cannabis Companies

This comparison shows how a marijuana bakery can’t claim federal deductions a typical bakery can claim. Items in green cannot be deducted. (Image courtesy of wweek.com) The long lines and eager...
- October 7th, 2015 at 6:51 pm