Cannabis Retailers Under Duress: The Problem And The Solution
Even though there are record revenues and record state tax receipts, cannabis retailers are struggling. IRS Section 280e puts a heavy burden of additional federal business taxes on cannabis retail businesses. The greatest share of business risk is borne by main street: smaller businesses, and women & BIPOC-owned businesses. IRS Section 280e puts the effective tax rate for cannabis operators at between 60% – 70%. Retailers are hit hardest by this policy. Data on cannabis retailer sales tax pay...
United States Oregon Department Of Revenue Beaur Whitney Federal Tax Burdens Direct Existential Threat Federal Tax Reform
Source: benzinga.com