280E – CannaBizCentral

IRS Publishes Marijuana Industry Webpage With Respect to 280(E)

September 25, 2020September 25, 2020 Editorial Staff 280E, IRS guidance

The IRS confirms with the publication of a cannabis industry specific webpage that marijuana businesses are subject to the limitations of Section 280E of the Internal Revenue Code.

280E 401(k) Plan Availability 401k Options Section 280E

Once and For All: IRC and ERISA Say Cannabis 401k Plans Can Exist

June 8, 2020June 7, 2020 Legal Editor 280E, Cannabis 401(k)

The cannabis industry is in dire need of proper guidance as to how to appropriately provide 401k and other employee benefits to its employees.

401k Options Retirement and Health SECURE Act Strategies

Cannabis 401(k) Plans — Why They Are Legal

May 12, 2020June 2, 2020 Legal Editor 2018 Farm Bill, 280E, 401(K) Plans for Hemp Companies, affliated service group, Cannabis 401k, Controlled Group Rules, Fiduciary Rules, MEP, pooled employer plan, Secure Act

How cannabis 401(k) plans are legal

The Internal Revenue Code provides authority for cannabis 401(k) plans

401k Options Employee Benefits

Cannabis 401(k) Plan: How the Tax Code Provides the Authority

April 26, 2020June 2, 2020 Legal Editor 280E, 401(k), cannabis, CBD, controlled group, Department of Labor, DOL, ERISA, hemp, industrial hemp, Internal Revenue Code, IRS, Jewell Lim Esposito, legal cannabis production, marijuana, tax

The Internal Revenue Code expressly permits cannabis employees to participate in a retirement plan just like other, non-cannabis employees.