Congressman Says Letting Marijuana Businesses Claim Federal Tax Deductions With 280E Repeal Will Actually Generate More Revenue

A new congressional bill to allow marijuana businesses to take federal tax deductions that are available to other industries would actually result in the government bringing in more revenue, the House sponsor said on the eve of the cannabis holiday 4/20. Rep. Earl Blumenauer (D-OR), founder of the Congressional Cannabis Caucus, spoke about his recently … Continue reading Congressman Says Letting Marijuana Businesses Claim Federal Tax Deductions With 280E Repeal Will Actually Generate More Revenue