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Expert Analysis

Tax Implications For The California Cannabis Industry

By Shail Shah, Priscilla Parrett and Rebecca Durham ( July 13, 2018, 3:31 PM EDT) -- Currently eight states regulate recreational adult-use cannabis[1] and 28 states and Washington, D.C., allow the use of medically prescribed cannabis.[2] Of these, California is the largest state to legalize medical and recreational adult-use cannabis.[3] This article explores the state and local tax implications of medicinal and recreational cannabis with a focus on California....

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