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Insight

February 6, 2025
Cannabis and Psychedelics Monthly Newsletter

the buzz: Cannabis News & Policy Update | February 2025 Special Tax Edition

By Rachel Gillette, Jennifer Benda, Lauren Egan, and Matthew Wright

Welcome to the buzz: Special Tax Edition.

April 15 is just over two months away. This Special Tax Edition includes practical considerations to help you prepare for tax filing season, including:

  • A former DOJ attorney is arguing a novel interpretation of 280E in a US Tax Court case. Could this mark the end of 280E?
  • Audits of cannabis businesses are almost inevitable, but what if your examiner doesn’t know your industry? 
  • Tools to close the information gap in IRS Appeals
  • Tips to avoid enforced collections   
  • Why it’s beneficial for cannabis business to utilize both CPAs and tax attorneys when making crucial decisions about tax return filing positions

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This publication is designed to provide general information on pertinent legal topics. The statements made are provided for educational purposes only. They do not constitute legal or financial advice nor do they necessarily reflect the views of Holland & Hart LLP or any of its attorneys other than the author(s). This publication is not intended to create an attorney-client relationship between you and Holland & Hart LLP. Substantive changes in the law subsequent to the date of this publication might affect the analysis or commentary. Similarly, the analysis may differ depending on the jurisdiction or circumstances. If you have specific questions as to the application of the law to your activities, you should seek the advice of your legal counsel.

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