Bloomberg Section 280 takes the profit out of the cannabis business by disallowing “deductions” and creating huge income tax liabilities. But if 280E tax debt isn’t also forgiven, the current cannabis industry won’t survive against newcomers, says Greenspoon Marder’s Nicholas J. Richards. Recent downturns in cannabis sales and loss of capital investments have revealed the … [Read more...] about No Pennies-on-Dollar Tax Settlements for the Cannabis Industry
280E
Did anyone notice this elephant in the room? 280E
280E? Is that a Mercedes-Benz? No. Well yes it is, but that’s not what we’re talking about here. Most people would say something like “You’re in the medical/recreational marijuana business? You must be loaded!” Major misconception. Especially when considering that 280E stands in the way of dispensary/production business models. This is something that needs to be talked … [Read more...] about Did anyone notice this elephant in the room? 280E
