Treasury and IRS announced a process for developing tax guidance following DOJ's final order on medical marijuana rescheduling. This represents a significant shift in federal tax treatment of cannabis-related businesses.
Member Tax Intelligence · July 2026
US — Treasury announces medical marijuana tax guidance process
UNITED STATES
North America — United States Other Important Update
What’s Changing
US — Treasury announces medical marijuana tax guidance process
What This Means for You
- Tax advisors will need to prepare for substantial changes in Section 280E deduction limitations and other cannabis tax restrictions.
- New guidance could dramatically alter the tax landscape for medical marijuana businesses.
Does This Apply to You?
- Medical marijuana dispensaries, cultivators, and related cannabis businesses currently subject to Section 280E restrictions
Key Dates
- Other
- Published: 2026-04-27
- Source: US Treasury — Tax Policy & Pillar Two
How We Can Help
- Monitor Treasury releases for detailed guidance and prepare cannabis clients for potential tax treatment changes
Your Next Step
Monitor Treasury releases for detailed guidance and prepare cannabis clients for potential tax treatment changes.
Disclaimer: This update is provided for general informational purposes only and does not constitute professional tax, legal, or accounting advice. Tax laws change frequently — always verify at source and seek qualified local advice before acting. Abacus Worldwide® is a global association of independent professional firms.
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