To the Governor: California Bill to Allow Marijuana Business Owners to Deduct Expenses from State Taxes
SACRAMENTO. Calif. (Aug. 22, 2018) – Yesterday, the California Senate gave final approval to a bill that would sever a link between state and federal tax law, allowing individuals to deduct expenses from legal marijuana businesses for state income tax purposes. Enactment of the legislation would encourage the growth of the legal marijuana market in California…