Cardozo International & Comparative Law Review
Abstract
The note argues that Section 280E of the Internal Revenue Code unfairly penalizes medical marijuana businesses by disallowing ordinary business expense deductions, despite their legality under state laws. It proposes that Congress should amend Section 280E to create an exception for medical marijuana companies, allowing them to deduct business expenses, thereby promoting industry growth and aligning tax policy with current societal and scientific understanding of marijuana's medical benefits.
Disciplines
Comparative and Foreign Law | Food and Drug Law | International Law | Law | Taxation-Federal
Recommended Citation
Liam McKillop,
Pass the Revenue: How Section 280E Is Harming the Medical Marijuana Industry,
2
Cardozo Int’l & Compar. L. Rev.
849
(2019).
Available at:
https://larc.cardozo.yu.edu/ciclr/vol2/iss3/10
Included in
Comparative and Foreign Law Commons, Food and Drug Law Commons, International Law Commons, Taxation-Federal Commons