Cannabis
Adult-use cannabis was signed into law on May 30, 2023, by Gov. Tim Walz, with a legalization date of Aug. 1, 2023. Stay on top of the changing landscape in Minnesota.
Decoding Section 280E: Impact on the legal landscape of cannabis businesses
Oct. 1, 2023 | Calvin P. Shannon CPA, CVA
As the cannabis industry flourishes, a complex set of regulations and tax codes has emerged, shaping the financial landscape for businesses operating in this dynamic sector. Among these regulations is Section 280E of the Internal Revenue Code, which plays a pivotal role in the world of cannabis operators by significantly affecting their ability to claim business expense deductions.
Interested in sponsoring a Focus Features series?
Contact Leslie Mueller, strategic partnership specialist, at lmueller@mncpa.org or 952-885-5520.