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DEA approvals could unlock tax benefits for medical marijuana businesses

Original: DEA approvals could bring big tax benefits for medical marijuana businesses

Reports say pending DEA approvals could allow medical marijuana businesses to claim significant federal tax deductions currently barred for cannabis companies. Under federal law, firms trafficking in controlled substances cannot deduct ordinary business expenses, a rule cannabis operators have long cited as a major financial burden. Any change tied to DEA action could reshape the economics of the medical marijuana industry.

Why now: Potential DEA decisions could rewrite the tax rules that have burdened legal cannabis companies for years.

DEAmedical marijuana businesses

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• DEA approvals could bring big tax benefits for medical marijuana businesses · yoursun.com
• DEA approvals could bring big tax benefits for medical marijuana businesses · TelegraphHerald.com

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