December 3, 2021
Federally legalizing marijuana involves complexities that range from decriminalization to the impact of new taxes on businesses and states.
Federally legalizing marijuana involves complexities that range from decriminalization to the impact of new taxes on businesses and states.
While states find it's tough to predict marijuana tax revenue, they can assume that higher rates will nudge consumers toward black markets.
Creating perverse tax incentives, tax section 280E stops legal marijuana businesses from taking deductions because it is a federally controlled substance.