Cannabis Tax Burden: What is Section 280E?

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The Cannabis Tax Burden - Burdening the growth of the cannabis industry

As the 2018 tax season officially nears, many cannabis businesses are feeling the burden of Section 280E, which can have the effect of taxing direct-to-plant businesses at a rate up to 3.5 times higher than other businesses. This unfair provision in the federal tax code affects the entire industry’s growth potential.

Watch this video to learn more about Section 280E and its current status.