How Marijuana-Related Business Owners May Avoid Excessive Taxation
Eighteen states and the District of Columbia have now decriminalized or legalized marijuana for at least some purposes. You hear a lot about the conflict between these state laws and the federal statute criminalizing the sale and possession of marijuana. But since the Justice Department isn’t consistently coming after marijuana sellers, the more immediate problem for many of them is federal tax law. “The federal tax situation is the biggest threat to businesses and could push the entire industry underground,” [...]