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A tax breakthrough for growers? Cannabis industry scores big win in new Michigan ruling
Manage episode 374331133 series 3452217
Content provided by Dykema's Cannabis Industry Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dykema's Cannabis Industry Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In a first-of-its-kind decision, a Michigan-based cannabis business was recognized as an agricultural operation. A potential milestone for the industry, this ruling sheds light on the legal classification of cannabis cultivation and its eligibility for agricultural tax-related benefits. Dykema’s Carl Rashid, Jr. and Mark Magyar discuss how they brought this pivotal victory to their client, and the implications it could have on the cannabis industry moving forward.
Find more on Carl here.
Find more on Mark here.
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