Green Market Report Article: Maximizing the Tax Deduction for Business Expenses of a Cannabis Business

By Lewis Taub, CPA, Director of Tax, Berkowitz Pollack Brant


Despite the legalization of cannabis on a state-by-state basis, federal tax laws continue to limit the availability of certain tax benefits for businesses engaged in cannabis production and sales. Yet, with advance planning and analysis, cannabis companies and their investors have an opportunity to maximize their tax savings while maintaining compliance with federal laws.

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