That's now, but of course, the Tax Court decision was about then. The Tax Court decided four issues necessary to determine the tax. Judge Holmes noted that this argument has been tried before and failed before, with the Ninth Circuit backing up the Tax Court. He told me that they have plenty of time to think about it, as the Tax Court is not yet done with the case. Eric Sandy in Cannabis Business Times wrote Tax Court Reinforces IRS Code 280E in Harborside Ruling in Cannabis Business Times.

Source: Forbes December 18, 2018 02:15 UTC