Rhode Island Gov. Wants to Give Cannabis Industry 280E Tax Workaround

Ganjapreneur
By Graham AbbottFeb 21, 2024, 9:53 am363 ptsTop
Rhode Island Gov. Dan McKee (D) has proposed decoupling state and federal taxes for cannabis industry operators as a partial workaround for IRS code 280E, Marijuana Moment reports. The cannabis industry pays an exorbitant amount of taxes as a result of 280E, which prohibits companies from taking normal business…

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