"This industry is not the most forgiving"
California NORML is encouraging Gov. Gavin Newsom (D) to sign the measure
Although the law has not changed, some taxpayers are filing amended returns
It would take effect immediately upon a majority vote
“New Mexico has a strong history of collaborating with tribes"
They think it should include the ability to deduct business expenses
The state of Colorado charges its own taxes on cannabis sales
The US Court of Appeals for the Ninth Circuit recently ruled regarding IRC §280E
It’s not yet known how high the taxes and fees will be.
Marijuana is now a major source of revenue the state can't afford to lose.