Preparing for Schedule III: The Critical Need for Protective Refund Claims
As the Administration moves toward reclassifying cannabis to Schedule III, the end of the §280E tax burden may finally be in sight. However, relief for past tax years is not guaranteed, and the IRS statute of limitations is still ticking.
Our partners at Bowers Accountants & Advisors warn that waiting for a final ruling could result in missed refund opportunities. To preserve your right to retroactive relief, they strongly advise operators to file “Protective Refund Claims” immediately for any tax years that are about to close.
Don’t let your refund eligibility expire while waiting for the news. We have published the full memo with steps you can take today to protect your business.

BUILDING AN INDUSTRY
A prosperous legal cannabis industry should begin by bringing opportunity and generational wealth to thousands of small and midscale NYS businesses, not just a handful of massive corporations.


RESTORING COMMUNITIES
As the legal cannabis economy emerges, we need to implement new models that restore the environment and our communities, and repair the damage done by the war on drugs.

GROWING A MOVEMENT
As we work to educate government officials and community leaders across NYS, we will ensure that our educational programming is accessible to both existing license-holders and aspiring cannabis entrepreneurs.

This is How New York Grows.
OUR MISSION
The Cannabis Association of New York is dedicated to serving as the premier Chamber of
Commerce for the New York cannabis industry. Our mission is to promote the health and
sustainability of the entire cannabis ecosystem in New York, fostering responsible growth and
economic prosperity. Through advocacy, education, and collaboration, we aim to create a
thriving and inclusive cannabis community that prioritizes the well-being of consumers,
businesses, and the environment. Together, we strive to shape a future where cannabis is
understood, respected, and integrated into the fabric of New York’s diverse economy.
WHO WE ARE
We are entrepreneurs who teamed up to build a cannabis industry in New York State that works for small and midscale businesses. As the cannabis industry matures in states across the country, we see familiar patterns emerge. Small and midscale operators are being squeezed out of the market while big industry players lobby for regulations that serve their interests over those of small businesses and consumers. We amplify the voices of our members and advocate for a cannabis industry in New York State with opportunity for thousands of entrepreneurs.

Cultivator

Microbusiness

Retail

Delivery

Ancillary

Patron
BECOME A MEMBER TODAY!
Join CANY and become part of an active and engaged community of cannabis businesses stretching across NYS.

THANK YOU TO OUR PATRONS

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