05/02/2026
Can we talk about what just happened in the cannabis world?
Last week medical ma*****na moved to Schedule III — and if you're a licensed cannabis business owner in Pennsylvania, this is big news for you specifically.
Because we're a medical-only state, every licensed operator here just got relief from Section 280E. That's the tax rule that has been forcing cannabis businesses to pay federal taxes on money they couldn't even deduct expenses from. Some operators have been paying effective tax rates of 70% or higher because of it.
That burden is now lifted — but it doesn't happen automatically.
Here's what I'm watching closely right now: transitioning away from 280E may require filing Form 3115, which is a change in accounting method form that is genuinely complicated. The IRS hasn't issued full guidance yet and we're monitoring everything as it develops.
When that guidance drops you're going to want someone already in your corner who has been tracking this from the beginning.
That's where I come in.
DM me the word CANNABIS and I'll send you a free summary of everything Pennsylvania cannabis operators need to know right now.
Questions? Drop them below. 👇
