More cannabis companies are boarding the 280E avoidance train.
After multistate operators Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH) announced to shareholders that they had filed amended tax returns for multiple years, with both expecting multimillion-dollar refunds as a result, more of their peers have come forward to say they’re either doing the same or are considering it.
“We are actively assessing our tax position and evaluating options for our current and past tax filings. This has the potential to have a material impact on our already strong cash performance we expect in 2024,” Dennis Olis, CFO of Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ), said during that company’s earnings call on Wednesday.
The very next day, Dennis Logan, CFO of Nevada-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH), said during his company’s earnings call…
