In brief, "it depends." However, tax attorneys generally charge flat fees for specific tax resolution services. Nearly every prospective client seeking a tax resolution attorney wants to know how much a cannabis tax lawyer will cost. Of course, the cost will depend upon the … [Read more...]

Marijuana dispensaries face an unfortunate tax hurdle stemming from IRC 280E.  Essentially, that section denies marijuana dispensaries and any cannabis business that buys and sells marijuana the ability to deduct ordinary and necessary business expenses.  However, the court in … [Read more...]

Cannabis businesses that buy and sell marijuana are all too familiar with the tax consequences of IRC 280E.  In brief, the section prohibits deductions incurred in a tax year in carrying on a trade or business if such trade or business consists of trafficking in controlled … [Read more...]

As the cannabis industry has grown more sophisticated with increased state legalization, many marijuana dispensaries are aware of IRC 280E and the significant challenges posed by that brief section of the Internal Revenue Code. In effect, 280E denies the typical marijuana … [Read more...]