$113,000,000 and Counting in IRS 280E Tax Refunds – How the Cannabis Industry is about to Get a Cash Infusion!

In October, Cannabis.net covered the fact that the cannabis industry could be sitting on billions of dollars in tax refunds if the IRS 280E tax code is altered or eliminated for the marijuana industry. With towns and cities starting to refund excess taxes collected from cannabis companies in the name of “social impact fees”, for things such as extra police work and trash pick up due to dispensaries entering their town, it appears the Federal government is also starting to give back taxes to the cannabis industry.