Marijuana businesses scored a big victory in the House of Representatives: access to the banking industry.
Marijuana supporters had predicted much more in tax revenue during the legalization campaign.
Feds offer banks guidelines for marijuana businesses. Banks say it’s not enough.
Legitimate marijuana business owners are running into problems with the IRS and its tax code.
Cannabis business owners are struggling with being shut out of the banking industry.
Drugs have always tempted individual users. Today, they also are attractive to states and local jurisdictions facing fiscal difficulties. Several states require that dealers of various illegal drugs buy tax stamps. Now, lawmakers in more states and municipalities are looking at similar ways to make some much-needed legal money off illegal acts. The taxation of illegal drugs