Cannabis Taxes: The Challenges of Running an All-Cash Business

Bundles of cash

Source: ganjapreneur.com

Let’s take a moment to examine the “logic” of the Federal Government. We have a business that is legal in some states but has a history of being federally prohibited. As a result, cannabis retailers must conduct all their transactions in cash, which only makes them juicier targets for thieves and criminals — and furthers the potential for cannabis-related crimes.

The Feds, in their refusal to allow cannabis industries to use the Federal Banking System, have created a safety hazard for the owners and workers of cannabis dispensaries everywhere.

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