Cannabis News Box

IRS publicizes updated tax-payment guidance for cannabis companies

IRS publicizes updated tax-payment guidance for cannabis companies

Bethan Rose Jenkins, Cannabis News Writer/Editorial

September 18, 2020

An online resources page dedicated to the legal cannabis industry has been published by the Internal Revenue Service (IRS). The primary goal of this cannabis tax payment guidance – which was prompted after the U.S. Department of the Treasury broadcast an April report scolding the IRS for failing to p...

U.S. Supreme Court rejects 280E cannabis tax case filed by dispensary owners in Colorado

https://www.ecosia.org/images?q=Alpenglow+Botanicals#id=9D168176FEB7A535782A866F528CA2F6E33EC7E7

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 15, 2019

Entrepreneurs involved in the cannabis industry still face a number of obstacles, such as cannabis banking woes and tax burdens. For the owners of one medical cannabis dispensary in Colorado, confusion regarding IRS tax code 280E has cost them a hefty fee.  Breckenridge-based dispensary Alpenglow Botanicals w...

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