Category Archives: 280E

280E still applies to marijuana companies, US Tax Court rules

The U.S. Tax Court ruled on a 2½-year-old case in which California-based Harborside had hoped to end 280E’s hold over the marijuana industry’s profit margins. But the Oakland company’s hopes were dashed Friday when the court upheld the tax code. “280E continues to negatively impact the growth of the legal cannabis industry, the jobs that […]