WURK’S FREE CANNABIS INDUSTRY FACTSHEETS
The 280E Internal Revenue Code means that cannabis businesses are only permitted to deduct expenses related to inventory as COGS (costs of goods sold).
Knowing which COGS can be deducted can be confusing. This is an unsettled area of the law, but this downloadable factsheet has a few quick tips to help clarify the complexities of 280E:
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