Premium Tax Practice News Cannabis and Accounting Cannabis Tax Professionals

Federal Court Case Could Upend Cannabis Tax Treatment Under 280E

Dec 10, 2024 12:30:00 AM

A landmark case before the U.S. Court of Appeals for the First Circuit could fundamentally alter how cannabis businesses are taxed under federal law. Multi-state operator Verano Holdings Corp., along with Massachusetts-based Canna Provisions and Wiseacre Farm, are challenging the constitutionality of federal marijuana prohibition, with potential implications for IRC Section 280E.

This is a premium content article and requires registration.

Already a member? Sign in

Stay up to date with the latest information for the accounting profession.

Subscribe to Insightful Accountant's newsletters for FREE today!

SUBSCRIBE NOW

Christine Gervais

Christine Gervais is a licensed CPA, using her skills to help businesses grow and achieve their fullest potential. Christine has a Master’s degree in accounting from Southern New Hampshire University in addition to holding her CPA license for over a decade. Notably, Christine is a nationally recognized speaker providing education to other CPAs on how to best serve clients as well as instruction on a wide variety of topics for business owners on how to maximize success. Christine prides herself on the value she can bring to clients with her extensive tax knowledge and provides strategic, forward-thinking financial strategies to help clients grow. When not behind her desk, you can find Christine spending quality time with her daughter and stepson or tending to the family’s excessively loved farm animals.

View All Articles

Topics from this blog: Premium Tax Practice News Cannabis and Accounting Cannabis Tax Professionals