Former US Congressman Carlos Curbelo | Mar 19, 2019
I came into the cannabis industry from a tax angle. As a member of the Ways and Means Committee
I was always looking for opportunities to make the tax laws more fair, simple, and equitable. Internal Revenue Code 280e doesn't allow the majority of legal cannabis businesses all over the country to deduct their qualified business expenses the way every other corporation and small business in America does. When I learned about that and banking laws, I was outraged.
And so I decided to join forces with Earl Blumenauer
of Oregon to file a legislation calling for tax equity. That was the extent of my involvement in the first few months of the last congress. But then I started learning more about the industry. And I realized that our fed...
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