Apr. 24 at 9:26 PM
$PLNH
2025 280e tax burden on planet 13 that is now gone…..they could recoup up to
$19.3 M
Key 280E-Related Findings for 2025:
Total 2025 Tax Provision: According to the 2025 annual income statement, the tax provision was
$11.64 million, compared to
$12.19 million in 2024.
Uncertainty & Disputes: Planet 13 filed amended tax returns for previous years, seeking roughly
$19.3 million in tax refunds from the IRS.
Ongoing 280E Strategy: Management noted in 2025 that they were not actively paying the full 280E amount, accumulating an "uncertain tax liability" of over
$27 million due to the ongoing legal challenges to the tax code.
Quarterly Breakdown (2025): The "Provision for income taxes" varied per quarter due to operational losses and tax adjustments:
Q1 2025:
$0.23 million
Q2 2025:
$6.42 million
Q3 2025:
$0.82 million
Q4 2025:
$4.17 million
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