California Tax Blog

Helping Taxpayers Throughout California

Rex Halverson

Tax Implications of Government Regulation In The Marijuana Business

How Does the Federal Government Regulate Drugs? Under the federal Controlled Substances Act (CSA) drugs are classified into 5 schedules. Drugs are placed into a schedule based on their acceptable medical use and their potential for abuse or dependency. Schedule I, which includes marijuana, is reserved for drugs that currently have no acceptable medical use

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