Cannabis 280E Rescheduling: Schedule III Medical Cannabis Tax Impact
What does cannabis Schedule III rescheduling mean for IRC Section 280E? The DOJ and DEA’s April 23, 2026 order rescheduling medical cannabis from Schedule I to Schedule III removes it from § 280E’s deduction prohibition — potentially cutting cannabis operators’ effective tax burden from 50-60% of operating income to closer to normal corporate rates, and…