California Bill Would Allow Marijuana Business Owners to Deduct Expenses from State Taxes, Help Nullify Federal Prohibition
SACRAMENTO. Calif. (Jan. 17, 2018) – A bill filled in the California Assembly would sever a link between state and federal tax law, allowing individuals to deduct expenses from legal marijuana businesses for state income tax purposes. Passage of the bill would encourage the growth of the legal marijuana market in California and further nullify unconstitutional…