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US drug control agency will move to reclassify marijuana

(apnews.com)
662 points JacobHenner | 1 comments | 30 Apr 24 17:32 UTC | HN request time: 0.223s | source
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mannyv ◴[30 Apr 24 18:15 UTC] No.40214223[source]▶
One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
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1. hyperbovine ◴[30 Apr 24 20:50 UTC] No.40216174[source]▶
But will they be able to write off business expenses? Section 280E of the US Tax Code is, as I understand it, is the major killer for the whole industry right now.

Edit: yes

https://www.duanemorris.com/alerts/tax_implications_reclassi...