280E Tax Fight: IRS Pushes Back on Cannabis Refunds | TDR Cannabis in 5

Can cannabis companies really go back and reclaim millions of dollars paid under Section 280E? That question is becoming one of the biggest tax battles the industry has ever faced.In the latest TDR Cannabis in Five, host Shadd Dales breaks down why the IRS is pushing back against amended tax returns filed by several of the industry’s largest multi-state operators following the move of medical cannabis to Schedule III.The episode looks at how companies including Trulieve (NYSE: TRLV), Verano (Cboe Canada: VRNO | OTCQX: VRNOF), Curaleaf (TSX: CURA | OTCQX: CURLF), TerrAscend (TSX: TSND | OTCQX: TSNDF) and Ascend Wellness (CSE: AAWH.U | OTCQX: AAWH) have approached 280E refund claims, why some companies have already received refunds, and why the IRS is now taking legal action to recover money it says should never have been paid.Shadd also explains why this issue isn’t as simple as Schedule III eliminating 280E. While future tax treatment may change for qualifying medical cannabis businesses, the IRS argues that previous tax years remain governed by the law that existed at the time.With court cases now underway and Treasury guidance still expected, this is becoming one of the most closely watched legal and financial stories in the cannabis industry.#Cannabis #280E #IRS #ScheduleIII #CannabisStocks #CannabisNews #MSOs #CannabisInvesting #FederalCannabis #TDRCannabis #Trulieve #MSOS #CuraleafWant to see more Cannabis Reform?🎬    • Federal Hemp Ban: Washington Isn’t Aligned...  🎬    • Pete Sessions: Cannabis Makes You A Loser ...  🎬    • What This Cannabis Poll Really Tells Us | ...  🎬    • Treasury Takes Center Stage | TDR Cannabis...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ Facebook:   / thedalesreport  ✅ Twitter:   / thedalesreport  ✅ Instagram:   / dalesreport  ✅ LinkedIn:   / the-dales-report  Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...