Lawyer expects court decision on 280E by ‘end of year’
A potentially game-changing decision by the U.S. Tax Court on the applicability of 280E to the cannabis industry has been delayed, but the attorney who tried the case expects a decision before 2018.
Attorney Henry Wykowski argued roughly a year ago before the court that section 280E of the tax code wasn’t intended to apply to law-abiding businesses such as his client, Oakland’s Harborside dispensary. He has since been awaiting a ruling, which could lead to a major boost in profit margins for cannabis companies.
“We still don’t have a decision … because the Tax Court realizes the