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A Hidden Tax Lifeline

Summary by newsbudz.com
The cannabis industry has never had it easy. Between regulatory uncertainty, banking restrictions, and sky-high tax burdens, even the most successful operators often feel like they're just treading water. At the heart of that financial squeeze is Section 280E of the Internal Revenue Code-an outdated tax provision that forces cannabis businesses to pay taxes on gross income rather than net profit. But what if there was a way to turn the tables on…
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A Hidden Tax Lifeline

The cannabis industry has never had it easy. Between regulatory uncertainty, banking restrictions, and sky-high tax burdens, even the most successful operators often feel like they're just treading water. At the heart of that financial squeeze is Section 280E of the Internal Revenue Code-an outdated tax provision that forces cannabis businesses to pay taxes on gross income rather than net profit. But what if there was a way to turn the tables on…

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newsbudz.com broke the news in on Friday, April 4, 2025.
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