A barely-known IRS credit scheme has allowed a multi-state marijuana operator (MSO) to earn millions of dollars in tax credits. Although cannabis firms remit hundreds of millions of dollars in taxes annually, federal law prevents them from claiming tax credits and deductions for operational expenses. However, Jushi Holdings took advantage of an obscure tax credit scheme to earn a little over $5 million.
It would be interesting to hear what other U.S. cannabis firms like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) think about the program that…
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