Morgan Fox is the Media Relations Director of the National Cannabis Industry Association.  He talks about the 280E tax code that prevents the cannabis industry for deducting normal business expenses like every other business.   Meanwhile, taxes on the cannabis industry have increased.  A court brief filed recently means the IRS may be taken to court over this in the Ninth Circuit Court of Appeals.  Mr. Fox lays out what lead the cannabis industry to this potentially precedent setting legal recourse.
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