Providing a dazzling array of federal and state tax exemptions and credits, a hugely untapped market serving all other states’ card holders, and relief from profitability’s greatest obstacle, IRC Section 280E, Puerto Rico is swiftly becoming the nation’s most attractive jurisdiction to grow and dispense marijuana.
Puerto Rico’s Medical Marijuana Industry
To bolster its manufacturing and tourism industries and facilitate new businesses’ creation, Puerto Rico established an aggressive economic and tax incentives program and, pursuant to an May 3, 2015, executive order, launched its ambitious medical marijuana program.
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