Jul 20, 2018
Cannabis Taxation and Yet Another (BAD) 280E Case
Cannabis Taxation and Yet Another (BAD) 280E Case
In Alpenglow Botanicals LLC v the United States of America the United States Court of Appeals for the Tenth Circuit just ruled that the IRS has the authority to determine that a cannabis business is trafficking in a controlled substance for purposes of applying IRC §280E. This decision is going to shift how cannabis businesses pay their taxes and how cannabis tax lawyers view cannabis tax…
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