R&D Tax Credit for Industrial Hemp & Cannabis

A new tax saving opportunity for hemp industries!

Research & Development in Industrial Hemp & Cannabis


The Hemp industry gained a tremendous growth opportunity with the passage of the 2018 Farm Bill and the effective legalization of hemp as an agricultural commodity. Hemp farmers and researchers are now free from the restrictions of IRC section 280(E) and able to cultivate hemp broadly, as well as freely engage in the sale, transport, or possession of hemp-derived products.

These legislative and economic changes have created the opportunity for this sector to claim eligible tax incentives, like the Research and Development (R&D) Tax Credit. 

Examples of R&D activity in Industrial Hemp

  • Cultivating new hemp varieties and characteristics
  • Developing new growing methods and procedures
  • Devising new or improved ways to process and harvest hemp
  • Experimenting to grow healthier, stronger, and better-quality plants
  • Developing and testing new filtration or irrigation systems
  • Testing new farming methods to increase crop yield
  • Testing new CBD oil products and extraction techniques
  • Designing and integrating new or improved processing equipment or systems

How we can help

Eligible farmers, researchers, manufacturers, and other businesses may be eligible to recapture some of their R&D expenditures by qualifying them for the federal Research & Development (R&D) Tax Credit, and eligible state R&D Tax Credits, to offset federal and state income tax liability.

Our qualified experts in Leyton’s Hemp and Cannabis team are motivated to properly qualify all R&D activities and expenses to fully substantiate each claim and ensure maximum financial benefits for our clients.

How we can help

Eligible farmers, researchers, manufacturers, and other businesses may be eligible to recapture some of their R&D expenditures by qualifying them for the federal Research & Development (R&D) Tax Credit, and eligible state R&D Tax Credits, to offset federal and state income tax liability.

Our qualified experts in Leyton’s Hemp and Cannabis team are motivated to properly qualify all R&D activities and expenses to fully substantiate each claim and ensure maximum financial benefits for our clients.

Use our R&D Tax Credit calculator to find out how much you can potentially save

You can save up to:

$

*This is just an estimate

Get in touch with us to learn how you can benefit from that

How much did you spend on development of your new product or project?

Complete the form to get in touch with a specialist

Meet our Hemp & Cannabis team leaders

Andy Zhang

R&D Tax Consultant

Evangelia Dislaki

R&D Technical Consultant

Blake Garvey

Senior Tax Attorney

Meet our Hemp & Cannabis team leaders

Andy Zhang

R&D Tax Consultant

Evangelia Dislaki

R&D Technical Consultant

Blake Garvey

Senior Tax Attorney

Client testimonials

Client testimonials

Why choose Leyton?

Allow our experience to unleash your potential.

+ 60

Industries Served

+ 20

Years of Experience

+ 100

R&D Tax Credit Experts

Why choose Leyton?

Allow our experience to unleash your potential.

+ 60

Industries Served

+ 20

Years of Experience

+ 100

R&D Tax Credit Experts

Get your R&D credit estimate today!

Contact us

Get your R&D credit estimate today!

Contact us