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Trulieve Challenges $143 Million in Taxes

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The corporation questioned its tax obligations less than 280E.

U.S. big Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) is trying to get a $143 million tax refund from the government for payments produced in 2019, 2020, and 2021.

The organization argues that centered on specific legal interpretations associated to portion 280E, it should not have been necessary to fork out particular taxes.

“Trulieve has submitted amended federal returns for a few prior tax yrs declaring a $143 million refund for taxes presently compensated that the organization believes it does not owe,” a organization spokesperson told Environmentally friendly Marketplace Report in an email.

“We are continually evaluating our tax position and will share more info as proper.”

In a independent development, Trulieve announced it is relocating a medical cannabis dispensary in Melbourne, Florida. The grand opening for the new locale at 1921 Alma Travel is established for Oct. 20, promising a mix of giveaways, music, discount rates, and possibilities for patient schooling session registrations.

“We are committed to obtaining the most practical locations to ideal serve our Florida clients,” stated CEO Kim Rivers reported in a statement Friday. “This relocation improves our ability to give our wide assortment of items and initially-class consumer provider to the Melbourne community.”

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