Ordinarily, I would not post on this blog information concerning professional presentations that I make. However, yesterday I gave a presentation entitled “Can You Get There From Here? Federal Taxation and Cannabis.” I thought that, given the focus on cannabis issues on this blog, links to the presentation would be in order.
My underlying thesis is that, due to IRC § 280E, the ability to make money by producing or selling cannabis is limited. Of course, that would no longer be the case if IRC § 280E is repealed or cannabis is no longer classified as a Schedule I or II controlled substance, thus taking the cannabis business out of Section 280E.