How much tax do marijuana businesses pay?

How much tax do marijuana businesses pay?

The US government collected an estimated $4.7 billion in taxes from cannabis companies in 2017 on nearly $13 billion in revenue.

Unlike most American businesses, which pay electronically or by check, most of these marijuana firms are unbanked and were forced to pay their federal taxes in cash, something the IRS is still trying to get a handle on.

At the state level, marijuana for non-medicinal adult use is legal in nine states and taxable in seven, which also impose costs on each sale:

State Grower tax,

flower Grower tax,

trim Excise and sales taxes

Alaska $50/o $15/oz By locality

California $9.25/oz $2.75/oz By locality

Colorado None None 15% on sales from grower to retailer; 15% on retail sales

Massachusetts None None 10.75% state excise tax; local sales tax capped at 3%

Nevada None None 15% on sales from grower to retailer; 10% on retail sales

Oregon None None 17% state excise tax; local sales tax capped at 3%

Washington State None

Quartz

https://qz.com/1595906/how-much-tax-do-marijuana-businesses-pay/