Marijuana Businesses, Particularly In California, Struggle To Navigate A Thicket Of Regulations
“Compliance is the coming storm in California. Without operational compliance, everything is at risk,” said Steve Owens, CEO of Adherence Compliance.
The term “marijuana millionaire” was coined amid the emergence of the legalized cannabis industry as new business owners spoke about their piles of cash. It was a tantalizing picture.
The reality is that running a cannabis business doesn’t always mean the owners are actually getting to keep those piles of money as income.
Tax payments are higher than in other industries, and companies can’t claim typical business deductions. Retail dispensaries, like any other retail operation, produce low margins.
Read More at Forbes.com
