A new U.S. Tax Court case, New Mexico Top Organics, Inc. d/b/a Ultra Health v. Commissioner, could reshape how Section 280E of the U.S. tax code applies to state-legal
Continue Reading A New Challenge to Section 280E Could Result in Lower Taxes for State-Legal Medical Cannabis BusinessesSection 280E
Section 280E Litigation Update: Harsh Results for Resellers
By Fox Rothschild LLP on
In the latest Tax Court opinion addressing the application of Section 280E to cannabis businesses there is no good news. However, there is some new guidance. In Patients Mutual Assistance …
Continue Reading Section 280E Litigation Update: Harsh Results for Resellers