280E IRS Code

With tax season approaching, CPAs are calling on the IRS to prepare for potential changes impacting cannabis businesses. The American Institute of CPAs (AICPA) recently submitted recommendations to the U.S. Treasury and IRS, highlighting areas where guidance is needed to clarify tax obligations for...

Oregon Congressman Earl Blumenauer is taking another shot at passing the Small Business Tax Equity Act, a bill that aims to amend an IRS code to allow state-legal cannabis businesses to take federal tax deductions. Blumenauer, a House member who founded the Congressional Cannabis Caucus,...