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Tag Archives: marijuana 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 | December 5, 2014

Tax Revenue Takes Lions Share of Retial Marijuana Profits

The launch of retail marijuana in Washington has been rough to say the least. Applications overwhelmed the Washington State Liquor Control Board, forcing a lottery that gave retail marijuana licenses to luckiest business owners instead of the most qualified....