New Jersey Lawmakers Send Governor Bill To Let Marijuana Businesses Claim State Tax Deductions As Partial 280E Workaround

New Jersey lawmakers sent the governor legislation on Monday that would allow licensed marijuana businesses to deduct certain expenses on their state tax returns, a partial remedy as the industry continues to be blocked from making federal deductions under Internal Revenue Service (IRS) code known as 280E. The measure was approved by the Senate in … Continue reading New Jersey Lawmakers Send Governor Bill To Let Marijuana Businesses Claim State Tax Deductions As Partial 280E Workaround