The U.S. has roughly 38,000 licensed marijuana businesses, yet many are struggling to meet federal tax obligations. Eleven of the largest operators collectively owe over $2.3 billion in federal income taxes. Smaller firms are facing similar pressure, largely due to Section 280E of the federal tax code, which blocks marijuana businesses from deducting most expenses.
A more fair tax system would enable companies like Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) to grow a…
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