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The IRS Goes Super Weed Friendly….Wait, What?

Written by on October 16, 2021

The IRS has made the announcement of its new initiative to help cannabis owners navigate the troubling waters of the US tax code. The major issues that have plagued the relationship of the IRS and cannabis companies in the past have always been on compliance and non-compliance and this new initiative looks set to address that. The expected effect of this is to foster proper filing and payment by all firms in the industry involved in the production, sales, and distribution of cannabis products.