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CPA Practice Advisor · Dec 18, 2025
Trump Signs Order to Expand Access to Marijuana, Lower Taxes on Cannabis Businesses
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Trump Signs Order to Expand Access to Marijuana, Lower Taxes on Cannabis Busi.... General industry update.
Summary
Among the most immediate impacts of rescheduling marijuana as a Schedule III drug would be relief from IRS Code 280E, which prevents businesses that handle Schedule I or II substances from deducting routine expenses such as rent, payroll and equipment.
Classification
Category: action requiredPriority: criticalReason: Contains 'immediate' - immediate attention needed
Applies To
payroll
Affected Groups
Payroll/employment tax specialists
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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