“Section 280E of the federal tax code remains the single biggest threat to small cannabis businesses. It mandates that all of our revenue, without deducting any expense, is considered taxable profits. This makes it a challenge to even break even in the industry. Until cannabis is de-scheduled [and 280E no longer applies to us], entrepreneurs and big businesses will face the same challenge to turn a profit.”

~ Colorado Harvest Company founder and CEO Tim Cullen

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