Cannabis Accounting: IRC 280E Case Study on Licensed Cannabis Business Taxes

Cannabis is a Schedule 1 controlled substance and that makes cannabis businesses subject to IRC 280e. This complicates the cannabis business tax filings and could hurt many cannabis businesses.

But does 280e apply to legal cannabis businesses and how do they try to protect themselves in an IRS audit situation?

In this video, we will explore:
+ Break down of a recent cannabis tax court ruling
+ Major takeaways from their audit defense
+ Things that you can integrate into your cannabis taxes

If you need a cannabis CPA and help with your cannabis business taxes, then please reach out to us at: or call 800-674-9050.

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