Maine Governor Signs Bill Allowing State-Level Marijuana Business Tax Deductions That Are Prohibited Under Federal IRS 280E Code

Marijuana Moment
By Kyle JaegerAug 4, 2023, 3:45 pm620 ptsHotTop
The governor of Maine has signed a bill to allow licensed marijuana businesses to take state tax deductions as a partial workaround to the Internal Revenue Service (IRS) code known as 280E that prohibits such deductions at the federal level. Gov. Janet Mills (D) gave final approval to the legislation from Sen.…

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