Operators in state-legal cannabis industries are confronted with a myriad of tax challenges, as we have previously discussed. As a result, opportunities for tax savings for state-legal cannabis businesses are often few and far between. However, Michigan law provides sales and use tax exemptions that cannabis growers and processors may be eligible to receive that could provide significant tax savings and even the prospect of a refund for previously paid sales or use taxes.
Continue Reading Michigan Cannabis Cultivators and Processors Have Opportunity for Sales Tax Savings and Refunds