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
2025 SBJ Economic Growth Series: Growth (Or Not)

Survey data reveals how businesses are navigating credit access, financing strategies and growth plans.

Most Read
Update cookies preferences