Sep 12, 2013
In yet another case of people with disparate political ideas coming together to support marijuana policy reform, Rep. Earl Blumenauer (D-OR) and Americans for Tax Reform (ATR) president Grover Norquist held a press conference Thursday to announce the release of a white paper protesting the unjust application of tax codes to marijuana businesses, Legal Cannabis Dispensary Taxation: A Textbook Case of Punishing Law-Abiding Businesses Through the Tax Code.
Under current policy, marijuana businesses are not permitted to deduct many of their operating expenses and are forced to pay significantly more taxes than other industries.
Earlier this year, Rep. Blumenauer introduced H.R. 2240, the Small Business Tax Equity Act, to eliminate the unfair treatment of legitimate marijuana businesses by the IRS. The bill is supported by ATR, the National Cannabis Industry Association, MPP, and more than a dozen members of Congress.