Cannabis operators are carrying billions in uncertain tax liabilities as federal regulators debate the next step in marijuana rescheduling. Los Angeles, meanwhile, is imposing new criminal exposure on cannabis retailers that sell nitrous oxide.
Tag: Section 280E
Cannabis Tax Clarity Advances as California Opens a New Equity Market
Federal tax guidance for cannabis businesses moves onto the Treasury Department’s priority agenda, San Diego County opens a social-equity licensing window, and extreme heat raises operational risks across Los Angeles.
Alabama Clears Cannabis Shift as TerrAscend Battles Tax Clawback
Alabama removed a state-level obstacle to federal marijuana rescheduling, while TerrAscend challenged the government’s effort to recover an $8.36 million tax refund. In Los Angeles, new restitution laws are being tested through lawsuits involving artworks held by the Norton Simon Museum and the Auschwitz Memorial.
