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420 with CNW — IRS Clarifies Post-Rescheduling 280E MSO Marijuana Tax Arrears

March 17, 2026 at 16:25 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Several large cannabis companies operating across multiple U.S. states collectively owe over $1.6 billion in unpaid federal taxes, according to information disclosed in recent corporate filings. The outstanding balances stem largely from disputes over Internal Revenue Code Section 280E, a provision that significantly limits the deductions marijuana businesses can claim.

Other companies have reported sizable amounts as well, including Curaleaf Holdings with $531.5 million, Verano Holdings at $378.26 million, and Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) with $171.4 million…

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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