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. The New Plan For Cannabis Businesses . An addition to the tax code that was enacted in 2018 stipulated that businesses grossing less than $25M in revenue could deduct a larger portion of their expenses.
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