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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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