California cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom signed a legislator’s proposal into law. Newsom signed into law AB 37, a bill introduced by a fellow Democrat, Assemblyman Reggie Jones-Sawyer The measure will allow such state deductions, starting next year, for cannabis companies that file their
California to allow state tax deductions for cannabis businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
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Originally posted on California to allow state tax deductions for cannabis businesses via George Scorsis Medical Marijuana News
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