cartels, or drug sellers fro writing their business expense off that they were selling cocaine or heroin. however, because cannabis is a schedule one drug, it also applies to cannabis. so you have dispensaries tha are functioning with illegal markets in places like washington state, or california, that can't write off their payroll expenses, were these things that they purchased for their dispensary so they are paying incredibl high taxes that is actually having really big impact on the cannabis industry. a lot of them are losing money still, even though it lot of people are buying marijuana. >> every other business ca write off their expenses, just not cannabis businesses. a congress person pointed ou at that summit today that wa put on by the cannabis industry, the hypocrisy, the patchwork o different laws across th country. -- sitting in prison for years fo pot offenses, while othe people are making millions o
would not solve all th problems what you mention with taxes -- and that was a tax code that was passed in the 19 80s, an it was intended to keep drug cartels, or drug sellers fro writing their business expense off that they were selling cocaine or heroin. however, because cannabis is a schedule one drug, it also applies to cannabis. so you have dispensaries tha are functioning with illegal markets in places like washington state, or california, that can't write off their payroll expenses, were these things that they purchased for their dispensary so they are paying incredibl high taxes that is actually having really big impact on the cannabis industry. a lot of them are losing money still, even though it lot of people are buying marijuana. >> every other business ca write off their expenses, just not cannabis businesses. a congress person pointed ou at that summit today that wa put on by the cannabis industry, the hypocrisy, the patchwork o different laws across th country. -- sitting in prison for years fo pot offenses, while othe people are making millions o dollars off the legalization o it in certain states