More than 50% of Revenue In Marijuana Businesses Go To State And Federal Taxes
I-502 recreational marijuana retail shops revenue in early October 2014. This is the daily gross revenue amounts. Of course, more than 50% of the revenue goes out on state and federal taxes, including income tax, excise tax, sales tax, and the sad reality of 280E of the federal tax code which does not permit most deductions on controlled substances.
