“To no one’s surprise, sales of recreational cannabis have proven to be an effective revenue producer for state and local governments, surpassing initial estimates in Colorado and Washington.[5] Much of this revenue has come from sales and other excise taxes imposed on sales of recreational cannabis.[6] As an ancillary business, your good or service may be subject to sales and use tax as well.”

Originally published in New Cannabis Ventures, December 7, 2016.

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