Cannabis Bill Roundup: Missouri Gov. Nixes Pot Tax Reform

Law360 (July 9, 2021, 7:40 p.m. EDT) – The Missouri governor opposed a bill to increase deductions for the state’s cannabis companies, while the New Hampshire legislature sent the governor a bill to improve the medical marijuana program of the state expanded to include patients struggling with opioid addiction. Here are the key legislative moves in cannabis reform over the past week.

Missouri Governor Mike Parson on Friday vetoed SB 226, a bill that would have made a number of changes to the state’s tax laws, including allowing the state’s medical marijuana companies to deduct their business expenses – a deduction that is currently prohibited under Section 280E of the federal tax code. The bill was …

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