Colorado Marijuana Group Sues over Tax
A group of marijuana proponents in Colorado have filed a lawsuit seeking to block the state from collecting certain taxes on weed sales. Attorney Rob Corry filed the suit in Denver District Court. In it, he claims pot providers in Colorado could incriminate themselves under federal law by paying taxes. Colorado has had medical marijuana […]
Legal Weed Rules Set to Change in Colorado
The rules for legal weed are about to evolve in Colorado, and the change could lead to better access for customers. When the state approved the first pot shops late last year, only existing medical marijuana dispensaries were given licenses. Whether they converted their medical stores into recreational shops or split the dispensaries in two, […]
At 6 Months, Legalization Is Booming in Colorado
The first legal retail pot shops in the United States opened in Colorado in January. Six months later, the marijuana industry is thriving and there are few signs of trouble. Marijuana advocates are cheering statistics showing legal weed is working. The state brought in nearly $11 million in tax revenue between January and April, real […]
Tax Problems Plague Marijuana Industry
Although it was originally intended as a way to prevent traffickers of illegal drugs from benefiting from tax deductions, Section 280E has since become a thorn in the side of legal marijuana dealers all over the United States. Implemented in 1982, the provision in the U.S. tax code was originally intended to prevent dealers in […]
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