YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
While marijuana is illegal under federal law, cannabis companies are not exempt from income taxes.
During 2017, marijuana companies paid an estimated $4.7 billion in taxes on nearly $13 billion in revenue.
Most of the businesses are unbanked, meaning the owners paid much of that money in cash to the IRS.
Read more from Quartz.
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