Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?
Cannabis Law Report
JANUARY 7, 2020
Also during those years, California allowed the collective or cooperative cultivation of marijuana for medicinal purposes. Deductions. All taxpayers – including “drug traffickers” – pay tax only on their gross income, which is equal to the excess of their gross receipts over their cost of goods sold (“COGS”). Deduction v.
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