Federal Court Rules Cannabis Companies Ineligible for COVID Tax Credits Under 280E
A federal court has ruled that marijuana businesses are not eligible for COVID-era employee retention tax credits (ERC) due to Section 280E of the Internal Revenue Code. The decision reinforces the IRS’s position that cannabis companies, despite operating legally at the state level, are barred from receiving federal tax benefits. The case involved a Washington-based …
Federal Court Rules Cannabis Companies Ineligible for COVID Tax Credits Under 280E Read More »