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To the Governor: Illinois Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses

Last week, the Illinois House gave final approval to a bill that includes provisions that would eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a small, but important state tax relief for marijuana businesses despite ongoing federal cannabis prohibition.

The post To the Governor: Illinois Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.

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Minnesota Becomes 23rd State to Legalize Marijuana Despite Federal Prohibition

The lesson here is pretty straightforward. As Tenth Amendment Center Executive Director Michael Boldin noted, “When enough people say, ‘No!’ to the federal government, and enough states pass laws backing those people up, there’s not much the feds can do to shove their so-called laws, regulations, or mandates down our throats.”

The post Minnesota Becomes 23rd State to Legalize Marijuana Despite Federal Prohibition first appeared on Tenth Amendment Center.

Continue Reading Minnesota Becomes 23rd State to Legalize Marijuana Despite Federal Prohibition