How to Deduct Marijuana Expenses

As of January 1, 2014 marijuana became legal in Colorado. Moye White attorney, Scott Greiner spoke with journalist, Juliette Fairley at The Street on tax rules around marijuana. Scott stated, "If you have two separate and distinct lines of businesses under one roof and one is non-marijuana, the latter can deduct business expenses associated with its non-marijuana business activities so long as that activity is not incidental to the sale of marijuana."

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