Five Major Marijuana Companies Report $2 Billion in Uncertain Tax Liabilities as IRS Guidance Remains Pending
Five U.S. marijuana companies—Trulieve, Curaleaf, Verano, Ascend, and Vireo—report combined $2B in uncertain tax liabilities due to pending IRS guidance on federal rescheduling. Each company has different approaches to recognizing tax benefits, with liabilities ranging from $215.8M to $625.4M. The uncertainty stems from Section 280E of the federal tax code, which prohibits deductions for businesses trafficking controlled substances.






