Not many facts to go on here but I'd be shocked if there's an NOL.  Isn't IRC 280E going to limit expenses to only COGS?

They performed testing only so 280E didn't apply, per the attorney they consulted in 2019. I have that letter. "no cannabis is touched....instead it sells a service." is the rationale, along with the CHAMP case.

What is the best source for regulations and latest laws pertaining to cannabis.