State taxes

U.S. states have adopted different tax structures in their respective recreational cannabis markets, each with its pros and cons. Insights from a recently published article by the Tax Foundation show that ad valorem taxes, which are based on the sales price of cannabis, are still the simplest to...

It’s doubtful Benjamin Franklin knew he was forever linking the IRS to the U.S. Constitution when he said, in a letter to Jean-Baptiste Le Roy in 1789, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be...