Rachel Gillette

Chair of the Cannabis Law practice at Greenspoon Marder and 1 other company
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  • I think they understand how silly it is. It’s this big mess.

  • We all understand that the problem with taxation of cannabis businesses is primarily 280E, which is a very punitive tax provision of the Internal Revenue Code, which essentially punishes cannabis businesses with much higher tax rates as a result of them being engaged in “trafficking of a Schedule I controlled substance.” Now, over the years, I’ve seen many different kinds of recommendations by CPAs, attorneys, financial advisers, etc., that seek to minimize the tax effects of 280E.

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