420 With CNW - Tax Exemptions That Companies Could Access Once Cannabis Rescheduling Is Complete

7/16/2024 10:38:50 PM

(MENAFN- Investor Brand Network) The marijuana industry has been
significantly hindered by Section 280E of the IRS Code , which prevents businesses dealing with substances listed in Schedules 1 and 2 of the Controlled Substances Act (CSA) from deducting regular business expenses.

Although Section 280E affects federal deductions, the regulations are not governed by federal laws in half of the markets where marijuana businesses are...

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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