Rhode Island Governor Puts Marijuana Business Tax Deduction In Budget As Partial Federal 280E Workaround

Marijuana Moment
By Kyle JaegerFeb 20, 2024, 8:48 am327 ptsTop
The governor of Rhode Island is proposing to decouple state and federal tax policy for the marijuana industry as a partial workaround to the Internal Revenue Service (IRS) code known as 280E that bars cannabis operators from taking deductions for business expenses. As part of his budget proposal for the 2025…

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