Cannabis Tax and Section 280E: Threat or Menace?
Cannabis enterprises can face effective tax rates of 60-80% as a result of Section 280E disallowance of deductions. The implications of section 280E will be discussed as well as planning strategies. A number of important issues about 280E remain open, and the IRS position on some of them appears to be evolving as a result of the current 9th Circuit case, Patients Mutual Assistance Collective Corporation v. Commissioner. This case (also known at the Harborside case) will be discussed by Harborside’s counsel, James Mann.
Speaker
Program Chair: James B. Mann, Esq.
- October 19, 2020
- Online On-Demand
- VJN81
- 0.5
- 1.0
- 1.5