A congressman has reintroduced a bill that would amend an Internal Revenue Service (IRS) code known as 280E to allow state-legal marijuana businesses to finally take federal tax deductions that are available to companies in other industries. Rep. Earl Blumenauer, founder of the Congressional Cannabis Caucus, refiled the Small Business Tax Equity Act on Monday. … Continue reading New Congressional Bill Would Provide Federal Tax Relief For Marijuana Businesses By Amending IRS’s 280E Code
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