Rap and business mogul Sean Combs, known otherwise as “Diddy”, has agreed to purchase legal cannabis operations in multiple states for $185 million. Mr. Combs purchased nine retail stores and three production facilities across New York, Massachusetts, and Illinois, from companies Cresco Labs and Columbia Care. Those two companies had to divest their assets as…
Tag: states
Some states could tax Biden’s student loan debt relief
MINNEAPOLIS — President Joe Biden’s student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. That’s because some states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on…