Federal Bill Would Prevent Companies from Tax Relief if Cannabis is Rescheduled

Ganjapreneur
By TG BranfaltFeb 10, 2025, 11:56 pm58 pts
Oklahoma Sen. James Lankford (R) last week introduced legislation to prohibit cannabis businesses from deducting business expenses from their taxes. The measure would apply to cannabis businesses even if cannabis is rescheduled under the federal Controlled Substances Act to lower than a Schedule I or II drug…

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