The Taxes And The Profits (?) From Marijuana Retail
We are going to find out over the next couple of years whether businesses that completely follow state and federal tax rules to a T can survive and function as real businesses. We have blogged before about I.R.C. 280E, and how challenging it makes operating a marijuana business. We can talk your ear off about how difficult the taxes are to comply with in theory, but let's dive into the numbers to actually see how burdensome the current state and federal tax systems can be.