State-legal cannabis businesses pay astronomically high federal taxes

In Politics by Michael Rae

Medical cannabis is now legal in 39 states and the District of Columbia. Additionally, adult, recreational use of marijuana is currently legal in Washington, D.C., and 19 states. Unfortunately, the federal government still views cannabis as illegal contraband and treats the state-licensed companies that make legal cannabis products as criminal enterprises even though they’re operating in states that have legalized marijuana.

At the same time, the federal government takes in billions of dollars in tax revenue from these same state-legal cannabis companies. There are several bills sitting in Congress that would reduce the uncertainty these businesses face. For example, the