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Blumenauer's Cannabis Legacy Bill
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Overview
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Congressman Earl Blumenauer, known for advocating cannabis industry reform, is set to retire at the end of 2024. The Small Business Tax Equity Act, sponsored by bipartisan representatives, would alleviate financial burdens for adult-use cannabis businesses by amending Section 280E, hindering tax deductions.
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How do the financial burdens of Section 280E affect the competitiveness of adult-use cannabis businesses compared to other industries?
How might the passage of the Small Business Tax Equity Act impact the financial stability and growth of the cannabis industry?
What are the potential implications of Blumenauer's retirement on the ongoing advocacy for cannabis industry reform?
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