420 Cannabis Legalization News: IRS Tip Taxes, Rescheduling ‘Slow Walk,’ Illinois Loans Stalled & Hemp Crackdown

About this episode

Tom and co-host discuss cannabis legalization news, focusing on IRS tax implications and delays in Illinois loans.

Send us Fan Mail On 420 Eve, Tom and co-host discuss cannabis legalization news, arguing the IRS is the main federal agency still enforcing marijuana laws through IRC 280E, including an IRS clarification that the “no tax on tips” deduction doesn’t apply to cannabis workers like budtenders. They cover a hot-mic clip of Trump joking that DOJ is “slow walking” rescheduling, and compare broader non-enforcement by agencies like the FDA. The episode highlights Illinois delays with $40 million in pr...

People in this episode

Host: Tom

Topics covered

• cannabis legalization
• IRS tax laws
• marijuana rescheduling
• Illinois loans
• hemp crackdown

Keywords

• IRS
• IRC 280E
• cannabis workers
• Trump
• DOJ
• FDA
• Illinois
• hemp

Mentioned in this episode

Organizations: IRS, DOJ, FDA

Places: Illinois

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