Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?
Cannabis Law Report
JANUARY 7, 2020
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. COGS is the costs of acquiring inventory, through either purchase or production.
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