New GOP Bill Would Block Marijuana Industry Tax Deductions, Even After Federal Rescheduling

Marijuana Moment
By Kyle JaegerFeb 7, 2025, 10:46 am246 ptsTop
Two GOP senators have introduced a bill that would continue to block marijuana businesses from taking federal tax deductions under Internal Revenue Service (IRS) code 280E—even if it’s ultimately rescheduled. Sens. James Lankford (R-OK) and Pete Ricketts (R-NE) filed the “No Deductions for Marijuana…

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