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Aug 25
Deductible vs. Non-Deductible Expenses Under 280E: A Practical Breakdown
Deductible vs. Non-Deductible Expenses Under 280E Understanding cannabis taxation requires knowledge of Section 280E, a federal tax code that significantly affects cannabis businesses. This section disallows most deductions and credits for businesses involved in trafficking controlled substances, including cannabis, as defined by federal law. The consequence: increased tax rates and…
