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Tax Relief For New Jersey Cannabis Companies? Deductions Bill Heads To Gov. Murphy's Desk
Tuesday, February 28, 2023 - 4:19pm | 509Under the Internal Revenue Service (IRS) code 280E, the marijuana industry remains blocked from taking federal deductions, which precludes entities that illegally sell Schedule I or II drugs from key tax deductions in their federal filings. However, as partial relief, the New Jersey Assembly in a...