September 20, 2024

Stop taxing marijuana companies as illegal dealers

 Stop taxing marijuana companies as illegal dealers

Marijuana retailers end up paying corporate taxes that are much higher than those paid by retail businesses. Congress should change the 280E tax law that puts them at a disadvantage.

Theory Wellness operates like any other Massachusetts business. It abides by state licensing regulations, building codes, and labor laws. But under federal tax law, because the business sells cannabi…