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Cannabis Companies Generously Support Their Communities But Don’t Get to Deduct It From Their Taxes

November 13, 2018

As we come into the home stretch of 2018, the cannabis industry is thinking about big important things. You know… MJBizCon in Las Vegas, the upcoming holidays, end-of-year tax planning. Rest assured, the last group is smallest by far. But not for the reason you’d think.

Non-cannabi will make end-of-year charitable contributions to reduce 2018 federal taxes. Cannabis companies cannot capture that deduction, says Jeff Garrison, CPA.

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