Lawmakers want cannabis tax guidance from IRS (Newsletter: May 29, 2026)
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Lawmakers Push IRS To Issue ‘Prompt’ Tax Guidance For Marijuana Businesses Now That Rescheduling Is Happening
A group of congressional lawmakers are pressing federal officials to issue “prompt guidance” on tax issues for marijuana businesses in light of the Trump administration’s move to federally reschedule cannabis. A new letter, led by Reps. Steven Horsford (D-NV and Steve Cohen (D-TN), notes that “state-legal cannabis businesses have been denied ordinary business tax deductions […]
Tariffs’ Impact On Some Cannabis Businesses May Erase Any Benefits They See From 280E Tax Relief Under Rescheduling (Op-Ed)
“Rescheduling removes a major structural penalty, but tariffs will reshape who captures the gains. All else equal, dispensary-heavy companies may emerge as the primary beneficiaries.” By Justin Leiby, Cannabis Research Institute With federal cannabis rescheduling partially underway and the potential end of the 280E tax penalty approaching, how much relief the cannabis industry will experience […]
You Went Legal. The Federal Government Rewarded You With a 70% Tax Rate.
Legal cannabis operators paid $2.24 billion in excess federal taxes in 2025. The illicit market paid zero. That is not a coincidence. That is policy. What 280E actually means for your business Would rescheduling fix this? If you run a legal cannabis business and you feel like the system is working against you, the numbers […]
Marijuana Budtenders Could Qualify For ‘No Tax On Tips,’ IRS Says, But Only After Federal Legalization
The Internal Revenue Service (IRS) says that while marijuana industry workers are not currently eligible under the “No Tax on Tips” law signed by President Donald Trump last year to write off any gratuities they receive, that could change in the event of federal legalization. The agency discussed the issue in a final rule for […]
Cleveland City Council Proposal Would Use Marijuana Tax Money To Support Neighborhood Projects
“Legalization created opportunity. This ordinance ensures that this opportunity is shared, shared fairly, shared transparently and shared with the residents who made it possible.” By Nick Castele, Signal Cleveland This story was originally published by Signal Cleveland. Sign up for their free newsletters at SignalCleveland.org/subscribe. Cleveland City Council members should be able to spend part […]