Another Financial Double Treat For The Marijuana Industry

For marijuana shops, this means paying taxes on gross profits before excise taxes and deductions, rather than on their net income, and it’s leaving them with minimal profits (if any). Without tax code reform it may be incredibly difficult for marijuana businesses to make significant financial headway.

Government and university researchers, as well as pharmaceutical companies such as GW Pharmaceuticals, which is examining the role of cannabinoid-based compounds in treating certain types of diseases ranging from cancer to type 2 diabetes, are hard at work examining the possible benefits of marijuana.

To read more, visit http://www.nasdaq.com/article/another-financial-double-whammy-for-the-marijuana-industry-cm506719

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