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Trulieve is claiming a refund of $143 million from taxes paid that it believes it does not owe, although the company noted there is no guarantee of receipt.
MariMed's event protested Section 280E of the Internal Revenue Service Code, which prohibits businesses that sell Schedule I or Schedule II substances from deducting ordinary business expenses.
Under a new budget proposal, New York’s cannabis producers and distributors are set to receive tax breaks despite a federal rule prohibiting them, Bloomberg reported.