More states reduce 280E tax burden on cannabis industry

The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states – 20 so far – have approved laws that exempt, or “decouple,” businesses from Section 280E of the federal tax code.

Image of a piggy bank, bearing a marijuana leaf, sitting atop a calculator showing the word TAX

Maryland votes to legalize adult-use marijuana

Marylanders have overwhelmingly voted to legalize adult-use marijuana, according to major news outlets, laying the groundwork for a recreational cannabis market that is expected to generate sales approaching $1 billion within a few years after its launch.

Image of Baltimore's Inner Harbor