You pay an extra 10% when you pay your taxes in cash

2021-04-20T22:16:52+00:00

Many cannabis operators still run primarily cash businesses, which creates a challenge when it comes to everyday things like paying employees, purchasing inventory or buying new equipment. It’s a big problem in tax season, too. For 2020, cannabis businesses will pay nearly $3 billion to the IRS, and many will actually make [...]