Cannabis Bill Roundup: Missouri Gov. Nixes Pot Tax Reform – Law360

[ad_1]

Law360 (July 9, 2021, 7:40 PM EDT) — Missouri’s governor rejected a bill to expand business deductions for the state’s cannabis businesses, while New Hampshire lawmakers sent the governor a bill broadening the state’s medical marijuana program to include patients struggling with opioid addiction. Here are the major legislative moves in cannabis reform from the past week.

Missouri Gov. Mike Parson on Friday vetoed S.B. 226, a bill that would have made a number of changes to the state’s tax code, including allowing the state’s medical marijuana companies to deduct their business expenses — a deduction currently barred by Section 280E of the federal tax code. The bill was…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

[ad_2]

Read More: Cannabis Bill Roundup: Missouri Gov. Nixes Pot Tax Reform – Law360