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. This comes through Internal Revenue Code Section 280E, a part of the tax code that cannabis business owners know well and heavily dislike. And cannabis users are not the only ones being taxed.
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