IRS Files First Response to Common Industry 280E Arguments

The Internal Revenue Service (IRS) recently filed its first written response to arguments used widely by cannabis taxpayers as justification for not paying Section 280E taxes. The closely-watched U.S. Tax Court case, New Mexico Top Organics v. Commissioner, has been...

INDUSTRY BULLETIN: 26-02 – RECALL ANNOUNCED

Immediate Recall – GH LLC License Number VIC-2025-0030 Medical Cannabis Product “Kush Pops” (200 mg THC per package flavors – Watermelon, Grape, Raspberry, Blueberry, Strawberry)  The New Mexico Cannabis Control Division (“CCD”) is issuing this industry bulletin...