People Cannot Take a Medical Marijuana Tax Deduction, IRS Says
It’s considered legal medicine in 37 states, but the IRS says cannabis cannot get claimed as a medical expense on your taxes.
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taxes
Massachusetts Cannabis Now Brings More Money to the State Than Alcohol
The state of Massachusetts brought in $112 million in taxes in 2021 through cannabis sales, 206% higher than projected.
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Marijuana Tax Money In Colorado Pays For College Tuition, Community Projects
Marijuana tax money is pouring into Colorado and the state is working to spend that money in ways that directly benefit the citizens of the state.
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Tax Revenue from Marijuana Sales Are Game Changing
Tax revenue from marijuana sales are often game changing for states and local communities, where cannabis is legal. This is now a large factor in the legalization debate.
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Legal Marijuana Sales Could Reach $25 billion by 2020
With the recent boom in legal marijuana sales the cannabis industry may reach $25 Billion by 2020. A staggering statistic that rivals many industries.
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