As the federal government moves toward rescheduling cannabis from Schedule I to Schedule III, tax practitioners face a shifting landscape with major implications for § 280E. This session will outline what rescheduling changes—and what it leaves unresolved—while addressing key transition issues, IRS enforcement trends, and the practical tax considerations operators and advisors should prepare for. Attendees will leave with a clear, current understanding of federal cannabis tax developments and the challenges ahead.

The Taxation Law Section is chaired by Philipp Behrendt.