Welcome to States of Play
States are increasingly adopting more lenient marijuana policies — and adapting their tax approaches to match. Plus, reproductive rights and anti-abortion advocates are fighting about the language used to describe abortion rights ballot measures.
Forwarded this newsletter by a friend? SIGN UP HERE
Many states that follow the Internal Revenue Code are dropping their adherence to Section 280E, which prohibits businesses involved in the trafficking of controlled substances like cannabis from deducting routine business expenses like rent and payroll.
Now, more than 20 states allow some deductions for medical or recreational cannabis operations. The most recent ...