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 | Apr 28, 2025 | Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax
Executive Order Signals Shift Toward Fully Digital Tax Payments and Refunds On March 25, 2025, the President issued an executive order instructing the U.S. Treasury to develop a plan within 180 days to eliminate the use of paper checks for both tax payments and... 
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 | Sep 15, 2020 | Cannabis Tax, Corporate Tax Services
On September 11, 2020, the IRS released general guidance for the cannabis industry. This is likely a response to a Treasury Department internal watchdog report which was critical of the IRS’ lack of guidance towards the cannabis industry. The guidance is published on...