The New York Senate has approved a bill that would provide tax relief to New York City marijuana businesses that are currently blocked from making federal deductions under an Internal Revenue Service (IRS) code known as 280E. While Gov. Kathy Hochul (D) signed a budget bill last year that included provisions allow state-level cannabis business … Continue reading New York Senate Passes Bill To Let Marijuana Businesses In New York City Take Local Tax Deductions Prohibited Under Federal Law