On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which had narrowly passed through the United States Congress. The OBBBA makes permanent certain tax provisions that were due to expire...more
7/10/2025
/ Business Entities ,
C-Corporation ,
Capital Gains ,
Estate Tax ,
Federal Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment ,
Investors ,
New Legislation ,
Qualified Small Business Stock ,
Small Business ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Reform ,
Trump Administration
The following three cases published this past summer provide guidance to cannabis businesses and their owners in preparing their federal income tax returns. These cases turn on the application of IRC Section 280E, which...more
The growing, processing, dispensing, and use of medical marijuana became legal in Pennsylvania on May 18, 2016, under the Medical Marijuana Act, Act 2016-16 (S.B. 3), 35 P.S. ยง 10231.101, et seq. (the Act). Medical marijuana...more