Marijuana Businesses Are Raking In Money—And The IRS Will Take Most Of It

“States will do what they want, and the federal government will get out of the way.”

OREGON: The line along Southeast Hawthorne Boulevard looked like a windfall for Farma. A crowd started gathering outside the Portland medical-marijuana dispensary shortly before 10 am on Oct. 1, the first day of legal recreational pot sales in Oregon. By the end of the day, more than 250 customers at Farma bought weed at $70 a quarter-ounce. But Read the full article…