December 30, 2016

L.A. Weekly: How Cannabis Businesses Can Deal With Drug Trafficking Tax Code 280E

So while state-compliant marijuana businesses can hardly be considered “traffickers,” federal tax law still applies as if they were. “With [28] states and the District of Columbia now allowing some form of legal marijuana, 280E is applied to state-regulated cannabis businesses more often than it is to the types of illegal drug dealers that the provision was intended to penalize,” according to the National Cannabis Industry Association.

Read more:

Stateline: Licensing Medical Marijuana Stirs Up Trouble for States

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NCIA is leading the cannabis industry's unified and coordinated campaign to ensure our business sector is treated fairly and has the opportunity to reach its full potential. Now - more than ever - is the time to invest in your business and the future of the industry by becoming a member.

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