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Can a Cannabis Company Have Its Employees Participate in a 401(k) Plan?
AllThingsERISA at FisherBroyles Link to more items from this source
Apr. 18, 2019

"[Chief Counsel Memorandum 201504011] is the IRS's confirmation and clarification that, although a cannabis company cannot claim deductions for trafficking marijuana, it may take a cost-of-sales adjustment for indirect production-related business expenses.... Treasury regulations governing indirect expense explicitly provide that 'costs include contributions paid to or made under any . . . pension, profit-sharing . . . or other plan deferring the receipt of compensation.' "

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