Several large cannabis companies operating across multiple U.S. states collectively owe over $1.6 billion in unpaid federal taxes, according to information disclosed in recent corporate filings. The outstanding balances stem largely from disputes over Internal Revenue Code Section 280E, a provision that significantly limits the deductions marijuana businesses can claim.
Other companies have reported sizable amounts as well, including Curaleaf Holdings with $531.5 million, Verano Holdings at $378.26 million, and Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) with $171.4 million…
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