“If cannabis no longer meets the definition of a Schedule I or II substance, then 280E no longer applies, regardless of its formal classification.” By Justin Botillier, Calyx Many cannabis industry observers know that one of the great benefits of federal rescheduling is that companies will be able to finally deduct ordinary business expenses on … Continue reading Do Cannabis Companies Really Have To Wait for Rescheduling To Escape The 280E Tax Penalty? (Op-Ed)