Section 280E of the tax code is making legal marijuana businesses to pay up to 70% in taxes effectively. This post from The Daily Beast highlights how the legit marijuana industry has been crippled by old tax laws. A law passed in the ‘80s to prevent drug dealers from getting tax breaks is now taking a huge chomp out of legitimate outfits in Colorado and ... Continue Reading
marijuana businesses
Legal Marijuana Outsold Munchies Last Year
2015 saw sales of legal marijuana in America outdoing the combined sales of Doritos, Cheetos and Funyuns. This article from The Washington Post highlights the whopping spend of $5.4 billion last year on legal marijuana. Americans spent $5.4 billion on legal medical and recreational marijuana last year, according to new estimates from ArcView Market Research and New Frontier ... Continue Reading
Tech Start-Ups Poised to Gain from Marijuana Business Boom
Marijuana tech start-ups, from social media to hard science, are hoping to see accelerated revenues from growth in legal marijuana business sector. This post from CNBC discusses the opportunities and challenges faced by marijuana tech start-ups. The start-up world can expect to see a different kind of green in the next few years if the marijuana business grows as rapidly ... Continue Reading
The Emergence of Pot Cafes in Alaska
Viewed as a prime tourist attraction in Amsterdam, pot cafes are set to open in Alaska by midyear. This post from fool.com turns the spot light on this new marijuana convenience that is headed to the United States, amid the undeniable momentum that marijuana has gained in recent years. As we enter what could arguably be described as marijuana's most important year, the vast ... Continue Reading
Colorado Tourism Survey: Cannabis Influences Vacation Decisions
A survey commissioned by the Colorado Tourism Office shows a significant influence of legal marijuana on Colorado’s tourism. This post from The Cannabist highlights the impact of legal weed on Colorado tourism. Marijuana businesses have long proclaimed that cannabis is drawing visitors to Colorado. Now they have proof. A study commissioned by the Colorado Tourism Office ... Continue Reading