Federal Taxation of Cannabis Under Proposed Legislation
August 30, 2021
August 30, 2021
This summer three US senators released a discussion draft of legislation that would remove cannabis from the schedule of controlled substances under federal law and provide for federal taxation of cannabis products. In this article for Bloomberg Tax, Eversheds Sutherland Partner Greg Kaufman outlines the key provisions and urges lawmakers to consider data collected at the state level to get it right.
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