TSX:CURA - Post Discussion
Post by
blackspade799 on Aug 11, 2024 3:03pm
HUGE NEWS Chevron’s End Can Help Cannabis Firms
Chevron’s End Can Help Cannabis Firms Use Tax Code Favorably
The US Supreme Court’s June decision in Loper Bright Enterprises v. Raimondo offers immediate support for cannabis companies and their advisers to challenge IRS interpretations of Section 471(c) of the Internal Revenue Code. With the elimination of Chevron deference to agencies when laws are ambiguous, cannabis companies may be in a stronger position to use this tax code section to mitigate the onerous tax consequences of Section 280E. https://news.bloombergtax.com/tax-insights-and-commentary/chevrons-end-can-help-cannabis-firms-use-tax-code-favorably
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