Categories: aggregated

$113,000,000 and Counting in IRS 280E Tax Refunds – How the Cannabis Industry is about to Get a Cash Infusion!

In October, Cannabis.net covered the fact that the cannabis industry could be sitting on billions of dollars in tax refunds if the IRS 280E tax code is altered or eliminated for the marijuana industry. With towns and cities starting to refund excess taxes collected from cannabis companies in the name of “social impact fees”, for things such as extra police work and trash pick up due to dispensaries entering their town, it appears the Federal government is also starting to give back taxes to the cannabis industry.

Jason

Share
Published by
Jason

Recent Posts

Cannabis Rescheduling Could Happen Today. Don’t Call It Legalization.

The Trump administration is preparing to move cannabis from Schedule I to Schedule III of…

12 minutes ago

Are The Feds Finally Going To Let Medicare Cover CBD and Even THC?

Based on the ruling, products that are legal federally as well as at the state…

12 minutes ago

Cannabis Through the Ages: What Humanity Knew for Millennia — and What Prohibition Made Us Forget

The drug’s history of healing and experimentation stretches from ancient China to American counterculture —…

1 day ago

High Times And Last Prisoner Project Launch Ongoing Partnership To Fight For Cannabis Prisoners

The new partnership will spotlight the stories of people still behind bars for cannabis, support…

1 day ago

Colombia to Cull Dozens of Hippos: From Pablo Escobar’s Pets to a Chronicle of a Death Foretold

Colombia is moving forward with a controversial plan to euthanize dozens of invasive hippos descended…

1 day ago

The Extinction of the Real: How Traditional Hashish Vanished While the Modern Market Looked Away

Imported hashish sustained mountain economies for centuries—until modern legalization and market economics erased it almost…

1 day ago