cannabis tax deductions

Cannabis Counsel Breaks Down Medical Marijuana Rescheduling

DETROIT - For years, state-legal cannabis companies operated under a unique federal tax penalty that prevented them from deducting ordinary business expenses such as payroll, rent, marketing and utilities. That changed in April when the U.S. Department of Justice moved federally recognized medical cannabis from Schedule I to Schedule III, potentially saving cannabis businesses billions

By |2026-07-05T16:44:31-04:00June 10th, 2026|Marijuana Business, News|

Federal Marijuana Shift Could Reshape Ohio Market—And Pull More Michigan Dollars South

COLUMBUS - A shift in federal marijuana policy could give Ohio’s cannabis industry a financial edge—and potentially draw more customers across the border from Michigan. The U.S. Department of Justice has moved state-licensed medical marijuana from Schedule I to Schedule III, easing federal restrictions for part of the industry. It’s not full legalization. But for operators,

By |2026-04-24T11:04:36-04:00April 24th, 2026|Marijuana Business, News|