California to allow state tax deductions for cannabis businesses

MJBizDaily
By Nick ThomasOct 14, 2019, 2:45 pm220 pts
Californian cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom signed a legislator’s proposal into law. Newsom, California’s Democratic governor, signed AB-37 into law, a bill introduced by a fellow Democrat, Assemblyman Reggie Jones-Sawyer The…

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