Legalizing marijuana at the federal level and in all states could bring in billions. It wouldn’t really make a big dent in government budgets, but it would make many constituents happy.
Oregon now allows recreational marijuana sales, but is postponing tax collection until next year.
Washington state’s first 12 months of taxable marijuana sales were much better than expected.
A rise in home explosions triggered by legal pot processing may pique the interest of insurers.
As mid-term elections near, there is one area where Colorado Senate candidates agree with each other: marijuana businesses need access to the banking system.
When it comes to legalizing marijuana, Bob Dylan said it best: The tax times, they are a-changin.’ OK, Dylan didn’t specifically say tax times, but in the effort to move marijuana into the mainstream, proponents of legal weed are regularly touting the tax benefits. © John Munson/Star Ledger/Corbis The latest instance is in Oregon. An
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.