420 Cannabis Legalization News: IRS Tip Taxes, Rescheduling ‘Slow Walk,’ Illinois Loans Stalled & Hemp Crackdown

Send us Fan Mail On 420 Eve, Tom and co-host discuss cannabis legalization news, arguing the IRS is the main federal agency still enforcing marijuana laws through IRC 280E, including an IRS clarification that the “no tax on tips” deduction doesn’t apply to cannabis workers like budtenders. They cover a hot-mic clip of Trump joking that DOJ is “slow walking” rescheduling, and compare broader non-enforcement by agencies like the FDA. The episode highlights Illinois delays with $40 million in pr...