Categories: aggregated

Want to Double Profits in the Cannabis Industry Overnight? Get Rid of the 280E Tax Code like Green Market Report Says!

Recent calculations by Viridian Capital Advisors have shed light on the significant impact that eliminating Section 280e could have on the cannabis industry. This impact could potentially outweigh the effects of the SAFE Act and a TSX uplisting. Section 280e, a provision in the Internal Revenue Code, restricts businesses from deducting ordinary expenses associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act.

Jason

Share
Published by
Jason

Recent Posts

LA’s cannabis community steps up for wildfire relief

Follow our links to verified aid groups. The post LA’s cannabis community steps up for…

2 days ago

America’s Constitutional Conundrum: Guns and Ganja

As you might imagine, telling Americans they can't have their guns AND their ganja isn't…

2 days ago

Meet the new and improved home of the growers, ILGM

The new ILGM is a veritable treasure trove of expert knowledge that’ll help you find…

3 days ago

No Smoking, No Vaping – What’s the Safest Way to Consume Cannabis Based on Your Genetics and Science?

edibles, tinctures, beverages, and cannabis oil to name a few. Now, the results of a…

3 days ago

What is Psychoactive Listening? – The Study of Cannabis and Music

Ask any cannabis enthusiast about their relationship with music while high, and you'll likely get…

4 days ago