VIDEO: How Section 280E of the IRS Tax Code Burdens the Cannabis Industry |
By NCIA
|
April 16, 2018
Advocacy
/ Education

VIDEO: How Section 280E of the IRS Tax Code Burdens the Cannabis Industry


As tax season officially concludes, 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 below to learn more about Section 280E. Find out more about the solution: The Small Business Tax Equity Act which would allow for the fair and equal treatment of cannabis businesses.

 

The Small Business Tax Equity Act: Supporting a Just Cause at NCIA Lobby Days

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