New Jersey Governor Signs Bill To Let Marijuana Businesses Claim State Tax Deductions As Partial 280E Workaround

Marijuana Moment
By Kyle JaegerMay 9, 2023, 2:50 pm179 pts
The governor of New Jersey has signed a bill into law that will allow licensed marijuana businesses to deduct certain expenses on their state tax returns—a partial remedy as the industry continues to be blocked from making federal deductions under Internal Revenue Service (IRS) code known as 280E. Gov. Phil…

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