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Tag Archives: cannabis tax

By | October 13, 2015

Standard Tax Deductions not Granted to Marijuana Businesses

Since the legalization of cannabis in states like Washington, Oregon, and Colorado; a slew of new businesses have opened, fueled by entrepreneurs eager to cash in on this lucrative new industry. Unfortunately for most of them, though, the vast...

By | September 28, 2014

Study Predicts $3B in Taxes for U.S. if Cannibis Nationally Legalized

Taxes have been a primary motive for legislators to consider the legalization of retail marijuana sales. With Colorado collecting $2.5 million in cannabis-related excise taxes during the first two months of sales and $30 million in sales, the apparent...

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