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Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?

Cannabis Law Report

Under Federal law, cannabis is a “Schedule I” controlled substance; thus, the manufacture, distribution, dispensation, or possession of marijuana – even medical marijuana recommended by a physician – is prohibited as a matter of Federal law. [ix]. Deductions. Deduction v. reduction) to their gross income.

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A Hidden Origin Story of the CBD Craze

SMPL

Ringo said he would sell his seeds for as little as $5.). They sat in a circle at a house in the hills a few hours north of San Francisco — where wine country becomes weed country — to discuss the therapeutic potential of CBD, and how to get people to take it seriously. And with this group, finally, it seemed to be coming together.

CBD 40
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California: Which Set of Books?

Cannabis Law Report

PUBLISHER: CANNABIS LAW REPORT. As a consequence, the requirements of the IRS trump the laws and regulations of California relating to books and records. The predecessor to CDTFA, the Board of Equalization [“BOE”] was the agency that administered Sales Tax before CCT and CET. AUTHOR: JORDAN ZOOT. The California Dept.