Gifting cannabis to the terminally ill becomes tax-exempt in California
Terminally ill Californians caught a break last month when Gov. Gavin Newsom signed a bill to make medical marijuana donations tax-exempt.
Starting March 1, 2020, as much as $ 53 million in so-called “compassionate” medical cannabis donations each year could go the needy, state analysts estimate. That’s enough to gift about 125,000 patients about one gram of flower per day, every day, for a year. Activists say they’re happy with the new law, although it falls short of what they were hoping for... READ MORE