Taxes Explained – Federal Taxability of Marijuana
Taxes Explained – Federal Taxability of Marijuana
Marijuana is illegal at the federal level. Do marijuana businesses have to pay federal income tax on the money they make? Watch this video to find out how many States allow marijuana businesses and how they are taxed by the IRS. Learn the limits on expense deductions allowed a marijuana business owner. Learn about cost of goods sold expenses for cannabis dealers.
Is Marijuana grown in house and sold, reported as Farm income and expenses or as ordinary business income and expenses?
Thanks very useful!
It is illegal under racist confederate ideology. It is legal under the union (United States of America) Constitution. Only a criminal who doesn’t respect others cultures and beliefs under federal constitutional law should be punished not the ones exercising their rights they earned LEGALLY into this great Free nation that’s what the constitution is for to free yourself individual from tyranny and opression. That’s why we are Americans . Not confederates.