AUTHOR Steve Smith   The Internal Revenue Code, 26 U.S. Code §280E, is the bane of any business associated with the “trafficking” of Schedule I or Schedule II controlled substances. It states that “No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade 

​ AUTHOR Steve Smith   The Internal Revenue Code, 26 U.S. Code §280E, is the bane of any business associated with the “trafficking” of Schedule I or Schedule II controlled substances. It states that “No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade […] 

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Cannabis Law Report