Skip to Main Content
Services Talent Knowledge
Site Search
Menu

News

April 1, 2022

Jason Klimek Quoted in NY Cannabis Insider Article About the NYS Cannabis Potency Tax and IRS Code Section 280E

Jason Klimek, Cannabis Team co-leader, was quoted in the NY Cannabis Insider article “Getting Into the Weeds of the Potency Tax and 280E,” which explores two controversial tax issues that have concerned cannabis advocates and businesspeople. 

New York State’s cannabis tax structure plans to tax marijuana based on THC content. Jason said, “I think that the THC potency tax has all negatives—I think it has no redeeming qualities.” This tax structure could, in turn, drive New York State’s marijuana prices higher than in other states, he said. If the price of adult-use marijuana soars, Jason said that regulators may also struggle with people trying to game the system.

Click here to read the full article. 

This article was also picked up by Syracuse.com (subscription required) and Ganjapreneur.

Subscribe

Click here to sign up for alerts, blog posts, and firm news.

Featured Media

Alerts

New York State Budget Bill Expands Independence of Nurse Practitioners

Alerts

New York State's Highest Court Reaffirms Specific Causation Requirements in Toxic Tort Cases

Alerts

Housing Discrimination: Pro Se Plaintiff Robert W. Johnson Targeting Hotels, Motels in Recent Flurry of Federal Lawsuits

Alerts

New York State Supreme Court, Albany County, Judge Grants Temporary Restraining Order Prohibiting Implementation of State-Issued Appraisal Model for Solar and Wind Energy Systems

Alerts

Council on Environmental Quality Finalizes Revisions to National Environmental Policy Act Implementing Regulations

Alerts

Updates on Federal Student Loan Dischargeabilty in Bankruptcy

This site uses cookies to give you the best experience possible on our site and in some cases direct advertisements to you based upon your use of our site.

By clicking [I agree], you are agreeing to our use of cookies. For information on what cookies we use and how to manage our use of cookies, please visit our Privacy Statement.

I AgreeOpt-Out