Tag: ncia

Legislation to Reform Tax Laws for Cannabis Businesses Filed in U.S. House and Senate

U.S. Representative Earl Blumenauer (D-OR) and Senator Ron Wyden (D-OR) have introduced the Small Business Tax Equity Act of 2015 in both the House and the Senate. The bill would end unfair taxation issues faced by legal, state-sanctioned cannabis businesses by altering Section 280E of the federal tax code. “The small businesses that make up …

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