 The oldest law journal in the United States, The Legal Intelligencer delivers in-depth analysis and coverage of legal issues that go beyond the headlines Will Big Cannabis Outwit the IRS?
2026-03-27 15:07 UTC by The Legal IntelligencerSteve Schainhttps://feeds.feedblitz.com/-/921006113/0/thelegalintelligencer.jpgMarijuana/Government/Litigation/Expert OpinionSection 280E of the Internal Revenue Code precludes state-licensed cannabis companies from taking any tax deduction or credit other than “cost of goods sold, which, through denying ordinary and necessary business expense tax deductions renders them vastly more expensive, and dramatically less profitable, to operate. 
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