New Jersey Gov. Signs Cannabis Industry Tax Reforms Bill

Ganjapreneur
By TG BranfaltMay 11, 2023, 3:14 pm117 pts
New Jersey Gov. Phil Murphy (D) on Monday signed a bill to allow the state’s cannabis businesses to deduct some business expenses on state tax returns, NJ.com reports. Under the law, the business subject to the corporation business tax will be allowed to deduct from income all ordinary expenses associated…

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