Is Medical Marijuana Tax Deductible? IRS creates clarity
By Jelena Martinovic As we all know, the marijuana industry has grown significantly in recent years, with sales projected to reach $25 billion by 2025. Sales growth was fueled by m
IRS commissioner makes recommendations for cannabis companies
A long-time Internal Revenue Service (IRS) official recently attended a webinar offering recommendations on how cannabis companies can stay tax compliant. IRS Commissioner of Small
Janet Yellen says cannabis companies doing billions in banking would “naturally” help the IRS
By Maureen Meehan When Colorado Congressman Ed Perlmutter, of the House of Representatives Financial Services Committee, asked Treasury Secretary Janet Yellen on Wednesday if she a
The IRS is going super weed friendly … wait what?
Being a new industry certainly has its advantages, but also its disadvantages. In a way, the cannabis industry in the US is not an emerging industry as it has been around for quite
Cannabis Companies and Taxes: Advice from the IRS
By Maureen Meehan The Internal Revenue Service correctly anticipates the continued growth of the cannabis industry and wants its share of the green. Who can blame them? It is what
The IRS comes out clean on marijuana and cryptocurrency taxation, is legalization next?
Whenever the Internal Revenue Service (IRS) is hosting an event in any business sector, it is usually a sign that the industry has excellent potential for high revenue. The cryptoc
The IRS comes out clean on marijuana and cryptocurrency taxation – is legalization next?
Whenever the Internal Revenue Service (IRS) is hosting an event in any business sector, it is usually a sign that the industry has excellent potential for high revenue. The cryptoc
What is the IRS 280E Tax Code and why is it killing the marijuana industry right now?
The cannabis industry in the United States is gradually becoming a multi-billion dollar corporate sector. It is not uncommon for the regulations not to have been adapted to this in