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by modoc
1757 days ago
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I'm not sure the federal tax revenue is the big motivator here. Currently most (all?) cannabis operations are paying MASSIVE federal taxes under rule 280E. Federally legalizing should substantially reduce the effective federal tax rate on the cannabis industry. Now, you might offset that by having MORE cannabis business revenue nationally, instead of just in the legalized states, but don't think the IRS isn't getting their piece of the pie already.... |
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