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Frequently Asked Questions

Listed below are some of the most frequently asked questions our team receives about R&D tax credits

Can a cannabis business (THC, plant-touching) take advantage of the federal R&D tax credit?

This is due to IRC Section 280E, which forbids cannabis, and cannabis-related businesses, from deducting otherwise ordinary business expenses from gross income associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act. This includes cannabis (plant-touching) businesses.

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