Harborside Strikes Back, Wins Big In Tax Court

money and the law

U.S. Tax Court Declines to Issue Penalties in Harborside 280E Case, Saving Industry Tens of Millions CALIFORNIA: In a historic landmark decision that will save Harborside and the legal cannabis industry millions of dollars, the U.S. Tax Court has ruled that the California dispensary is not liable for accuracy-related 280E penalties. 280E is a tax code provision Read the full article…

The 280e Cannabis Conundrum

The legalized marijuana business is likely to hit $10 billion in 2015 alone.

By  Keith Richards  If you are in the Cannabis industry and are not already familiar with IRS Code section 280e, then you are likely going to face a rude awakening this tax season.  Even with all the noise about this issue, it is still surprising to find operators that are not paying attention to some basic Read the full article…