by Aaron Smith, NCIA Co-founder and Executive Director When a handful of top cannabis business...Read More
Promoting the growth of a responsible and legitimate cannabis industry
Protecting Legitimate Business
NCIA is educating the public and policymakers about the contribution legitimate cannabis businesses make to the national economy by generating extensive tax revenue and well-paying, sustainable jobs. To that end, our mission is to ensure that these businesses are treated fairly under federal laws.
To benefit the industry and the state agencies tasked with taxing and regulating it, NCIA is leading a national effort to ensure that state-authorized medical and adult-use marijuana providers are afforded the same banking and financial services as any other legitimate business.
Fair Tax Policy
NCIA believes that state-sanctioned medical and adult-use cannabis businesses should be able to take the same necessary and ordinary tax deductions as other small businesses and is working to reform Section 280E of the federal tax code accordingly.
by Laurence Gration, NCIA Director of Development Following the overwhelming success of the NCIA Inclusion...Read More
Favorable IRS Ruling – State Excise Tax May Escape 280E Treatment
by Luigi Zamarra, CPA On July 31, 2015, the IRS released ILM 201531016, concluding that...Read More
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