The Cannabis Industry Should Employ Careful Tax Planning When Allocating between Cost of Goods Sold and Ordinary Business Expenses May 9, 2021 Patrick Cox IRS 280E 0 Comments By Patrick “Rick” Cox and Vincent Tennant, Nixon Peabody LLP Cannabis is a controlled substance under federal law and as such § 280E of the Internal Revenue Code [1] (“§ 280E”), does not allow a cannabis business to use business… Read More→