Why This Tax Case Matters for Cannabis Rescheduling | TDR Cannabis in 5

The Dales Report | Trade to Black · Sep 19, 2026 · 7m

For months now, people across the cannabis industry have been talking about all the steps still needed before a final ruling on scheduling. In this episode of TDR Cannabis in 5, host Shadd Dales breaks down a new development involving TerrAscend, the IRS, and more than $8 million in cannabis taxes, and why it's a much bigger story than it first appears.The real story here is what this reveals about 280E itself, the tax provision blocking cannabis companies from deducting ordinary business expenses like payroll, rent, and marketing that nearly every other legal industry can claim. Once…