Press Release: Horsford and Cohen Request Guidance for State-Legal Cannabis Businesses on Tax Treatment

May 28, 2026

Horsford and Cohen urge for clear federal guidance on cannabis taxation after recent product rescheduling, addressing business concerns.

Quiver AI Summary

Congressmen call for guidance on cannabis tax issues: Congressman Steven Horsford (NV-04) and Congressman Steve Cohen (TN-09) have sent a letter to Treasury Secretary Scott Bessent and IRS CEO Frank Bisignano requesting timely guidance for state-legal cannabis businesses regarding federal tax treatment following recent changes in cannabis classification.

Concerns over tax regulations highlighted: The lawmakers emphasized the importance of clear guidance due to Section 280E, which has traditionally restricted tax deductions for cannabis businesses. They argue that the recent rescheduling of cannabis could significantly alter the federal tax landscape for the industry.

Previous efforts for cannabis reform: In addition to the recent letter, Congressman Horsford co-led another letter advocating for the commutation of sentences of individuals imprisoned for non-violent, marijuana-related offenses, underscoring ongoing legislative efforts to reform cannabis policy.

Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.

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Steven Horsford Fundraising

Steven Horsford recently disclosed $587.1K of fundraising in a Q1 FEC disclosure filed on April 15th, 2026. This was the 181st most from all Q1 reports we have seen this year. 48.3% came from individual donors.

Horsford disclosed $259.3K of spending. This was the 379th most from all Q1 reports we have seen from politicians so far this year.

Horsford disclosed $1.1M of cash on hand at the end of the filing period. This was the 387th most from all Q1 reports we have seen this year.

You can see the disclosure here, or track Steven Horsford’s fundraising on Quiver Quantitative.

Steven Horsford Net Worth

Quiver Quantitative estimates that Steven Horsford is worth $97.5K, as of May 28th, 2026. This is the 459th highest net worth in Congress, per our live estimates.

Horsford has approximately $0 invested in publicly traded assets which Quiver is able to track live.

You can track Steven Horsford’s net worth on Quiver Quantitative’s politician page for Horsford.

Steven Horsford Bill Proposals

Here are some bills which have recently been proposed by Steven Horsford:

H.R.8816: To amend the Internal Revenue Code of 1986 to exclude strike benefits from gross income.
H.R.7736: RELIEF Act
H.R.7615: RELIEF Act
H.R.7577: TIP Improvement Act of 2026
H.R.6912: Remotely Piloted Aircraft Crews Tax Relief Act
H.R.6796: Military CARE Act

You can track bills proposed by Steven Horsford on Quiver Quantitative’s politician page for Horsford.

2026 Nevada’s 4th Congressional District Election

There has been approximately $14,037,350 of spending in Nevada’s 4th congressional district elections over the last two years, per our estimates.

Approximately $6,088,264 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include: