September 29, 2024

Analysis: State-Licensed Cannabis Businesses Paid Nearly $2 Billion In Excess Taxes in 2022

 Analysis: State-Licensed Cannabis Businesses Paid Nearly $2 Billion In Excess Taxes in 2022

A new study by Whitney Economics has discovered excessive tax burdens placed on cannabis businesses as a result of Section 280E.
The post Analysis: State-Licensed Cannabis Businesses Paid Nearly $2 Billion In Excess Taxes in 2022  appeared first on NORML.

Current federal tax policies are causing legal-market operators to become unprofitable, and these businesses are unlikely to find relief absent substantive legislative changes being made at a federal…