Cannabis Business

Marijuana or cannabis legalization in California has led to a new, booming market. There are thousands of businesses in the state cannabis industry, ranging from professional grow operations and dispensaries to extraction companies. Those trying to break into the...

Section 280e of the Internal Revenue Code (IRC) is a provision that prohibits businesses from deducting "ordinary and necessary" expenses related to the sale of controlled substances. This provision includes operations that deal in cannabis, even when legal under...