As Ohio regulators certify supplemental marijuana growers, processors and screening labs for twin licenses to get ready to the start of recreational cannabis revenue, inspections of dispensaries...
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Legislation signed on Monday decriminalizes the use or possession of up to 6 ounces of cannabis, ending an period of disproportionate arrests in communities of color.
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It could also allow for businesses to lawfully manufacture, distribute and possess health care cannabis under the managed Substances Act, even though nevertheless remaining topic to federal legal guidelines and restrictions, supporters said.
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Cannabis providers could also reap the benefits of tax deductions and exemptions accessible to firms in other industries. If marijuana is rescheduled, part 280E — The interior earnings Code that prohibits taxpayers who will be engaged while in the organization of trafficking certain controlled substances from deducting regular enterprise costs associated with All those activities — would most likely not implement to those companies.
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In Massachusetts, two years elapsed involving voters’ approval of nonmedical marijuana use as well as the start from the state’s very first dispensaries.
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