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The IRS Offers Some Clarity on Tax Deductions in the Cannabis Industry

Veriheal

NOVEMBER 12, 2020

That’s good news for the state—another source of income that can be used for things that benefit all the state’s residents. Most businesses, when filing their tax returns, are able to take advantage of several tax breaks, credits, and deductions available to business owners. The New Plan For Cannabis Businesses .

Business

Business Banking Cannabis Compliance

New Mexico: State Court of Appeals ruling that medical marijuana producers can claim a tax deduction for prescription medication

Cannabis Law Report

FEBRUARY 1, 2020

SANTA FE – A state Court of Appeals ruling that New Mexico medical marijuana producers can claim a tax deduction for prescription medication could affect prices for 80,000 or so enrolled patients statewide – and the state budget. I think it’s good news, because we should never tax food or medicine,” Rodriguez said in an interview.

Marijuana

Marijuana Patients Data Food

The IRS Offers Some Clarity on Tax Deductions in the Cannabis Industry

New Mexico: State Court of Appeals ruling that medical marijuana producers can claim a tax deduction for prescription medication

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