Blumenauer Introduces Commonsense Tax Reform to Remedy "Grotesquely Unfair Treatment" of State-Legal Cannabis Businesses
April 18, 2023
April 18, 2023
WASHINGTON, April 18 -- Rep. Earl Blumenauer, D-Oregon, issued the following news release on April 17, 2023:
Congressman Earl Blumenauer, founder and co-chair of the Congressional Cannabis Caucus, introduced the Small Business Tax Equity Act which creates an exception to Internal Revenue Code Section 280E to allow marijuana businesses operating in compliance with state law to take deductions associated with the sale of marijuana like any other legal business.
"Stat . . .
Congressman Earl Blumenauer, founder and co-chair of the Congressional Cannabis Caucus, introduced the Small Business Tax Equity Act which creates an exception to Internal Revenue Code Section 280E to allow marijuana businesses operating in compliance with state law to take deductions associated with the sale of marijuana like any other legal business.
"Stat . . .