Transfer Pricing Is an Often-Overlooked Necessity in Cannabis

Judge Learned Hand, who served on the US Court of Appeals from 1924 to 1951, once said, “Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” No group of people has taken Hand’s pronouncement more to heart than cannabis business owners, perhaps because no group of people has faced such a mountainous collection of taxes as has been placed on the backs of the cannabis industry.

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