New CA laws allow some marijuana firms to deduct expenses on state returns, help normalize MJ as ag commodity

MJBizDaily
By Bart SchanemanOct 15, 2019, 10:00 am202 pts
Cannabis-related bills signed into law by California Gov. Gavin Newsom are significant steps in both providing marijuana businesses with the ability to write off business costs on state tax returns as well as normalizing cannabis as an agriculture commodity for cultivators. On Oct. 12, Newsom signed Assembly…

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