Hemp Farmers Eligible for R&D Tax Credit
On this weekâs hemp podcast, we talk to David De Vore, R&D technical consultant with Leyton, an international funding innovation consulting firm that specializes in working with hemp farmers to take advantage of R&D tax credits offered by the IRS. According to De Vore, the tax credit offsets income tax liability directly, dollar for dollar, but the amount of tax credit available for farmers depends on how much a given company is spending on research and development. âIâve seen credits of twenty thousand dollars, all the way up to millions of dollars, just depending on how large...
Source: lancasterfarming.com