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Challenging 280E and Federal Tax Refunds in the Cannabis Industry

Posted by Nick McCrillis, Esq. | Mar 19, 2024 | 0 Comments

280E has had a significant impact on both adult use and medical cannabis and marijuana businesses. Challenges to the tax environment may provide pathways to significant changes in the tax treatment of these businesses. Cannabis companies should consider filing amended returns or protective claims for amended returns as soon as possible to preserve their right.