CLEARING UP THE HAZE ON TAX DEDUCTIONS: President Joe Biden made some big news on marijuana policy last week — and worry not, there is a tax angle or two.
Biden’s move to offer pardons to thousands of people with federal convictions for marijuana violations probably got most of the attention. But the president is also floating the idea of changing how marijuana is regulated under the Controlled Substances Act — and that’s where you have the potential for some big tax changes.