YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Here’s how much marijuana businesses pay in taxes

Posted online

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.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: The Quilted Cow

A franchise store of a Branson West-based quilting business made its Queen City debut; Grateful Vase launched in Lebanon; and Branson entertainment venue The Social Birdy had its grand opening.

Most Read
SBJ.net Poll
Update cookies preferences