280e

When a U.S. Congressman recently told me that getting rid of Section 280E of the Internal Revenue Code "would amount to a tax cut for pot growers," I was caught off guard by his twisted interpretation of this tax policy. It was a huge reminder of how much more work organizations like the New...

With 29 states (plus the District of Columbia) that have legalized marijuana in some form, the U.S. is seeing an explosion of pot-related companies. In 2016, there were between 21,000 and 33,000 cannabis businesses in the U.S. Yet many of these businesses have a hard time just making ends meet...

California is likely to see a boon to its weed economy in the coming years, with the industry expected to topple $6 billion by 2020. But for many looking to cash in on green, tax code 280E is a major buzzkill. The tax code 280E specifically targets illegal drug traffickers. Regardless of...

At first pass, the sexiest aspect of the marijuana industry is probably three-foot tall plants that grow psychoactive flowers. But it gets hotter (not): wonky tax code experts who are fighting the federal government over an obscure tax code that is crippling small businesses across the legal...