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Now in Effect: California Law Allows Marijuana Business Owners to Deduct Expenses from State Taxes

Now in Effect: California Law Allows Marijuana Business Owners to Deduct Expenses from State Taxes

by Mike Maharrey | Oct 18, 2019 | Drug War, State Bills

SACRAMENTO. Calif. (Oct. 18, 2019) – Last week, California Gov. Gavin Newsom signed a bill that severs a link between state and federal tax law, allowing individuals to deduct expenses from legal marijuana businesses for state income tax purposes despite federal...
New Mexico Must Accept Non-Residents into Its Medical Marijuana Program

New Mexico Must Accept Non-Residents into Its Medical Marijuana Program

by Mike Maharrey | Oct 4, 2019 | Drug War, State Bills

SANTA FE, New Mexico (Oct. 4, 2019) – A New Mexico judge has held that the state must accept non-residents into its medical marijuana program. The move will dramatically expand the medicinal cannabis market in the state despite federal prohibition and further...
To the Governor: California Approves Measure to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

To the Governor: California Approves Measure to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

by Mike Maharrey | Sep 26, 2019 | Drug War, State Bills

SACRAMENTO. Calif. (Sept. 26, 2019) – Earlier this month, the California House 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...
California Senate Approves Measure to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

California Senate Approves Measure to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

by Mike Maharrey | Sep 9, 2019 | Drug War, State Bills

SACRAMENTO. Calif. (Sept. 9, 2019) – Last Wednesday, the California Senate overwhelmingly passed 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...
California Assembly Approves Measure to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

California Assembly Approves Measure to Allow Marijuana Business Owners to Deduct Expenses from State Taxes

by Mike Maharrey | Jun 3, 2019 | Drug War, State Bills

SACRAMENTO. Calif. (June 3, 2019) – Last month, the California Assembly overwhelmingly passed 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....
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