by Dana Borys | Apr 23, 2026 | blog, Cannabis Tax, Corporate Tax Services, Flow-Through Tax Services
The federal government has taken a meaningful first step on cannabis rescheduling, but it is important not to overread what has happened. On April 23, 2026, the Department of Justice (DOJ) announced an order that immediately places two categories in Schedule III:... 
by Dana Borys | Aug 20, 2025 | blog, Cannabis Tax, COGS
As of August 2025, President Donald Trump has publicly indicated that his administration is “looking at” reclassifying cannabis from Schedule I to Schedule III under the Controlled Substances Act. While this move stops short of federal legalization, it could... 
by Advisor Team | Mar 24, 2025 | Cannabis Tax, COGS, Corporate Tax Services
Navigating tax compliance as a cannabis business owner can feel like walking a financial tightrope. One misstep—especially when it comes to Internal Revenue Code (IRC) 280E—can result in significant tax liabilities and heightened IRS scrutiny. As year-end approaches,... 
by Dana Borys | Jun 23, 2020 | ASC 740 & ASC 740-10, Cannabis Tax
OVERVIEW OF TIGTA REPORT DATED MARCH 30, 2020 The Treasury Inspector General for Tax Administration (“TIGTA”) was established in the 1980’s to provide independent oversight of the Internal Revenue Service’s (“IRS”) activities. On March 30, 2020, TIGTA released a...