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Native American Tribes Eye Marijuana Business---With Their Tax-Free Gaming Advantage

Submitted by Marijuana News on Mon, 03/23/2015 - 08:56

Native American tribes are poised to move into the lucrative legal marijuana businesses. With spreading legalization and with taxes being levied right and left, tribal tax advantages could be huge. In California v. Cabazon Band of Mission Indians, the Supreme Court ruled that in states permitting gaming, tribes can conduct gaming on Native American lands unhindered by state regulation. A year later, Congress enacted the Indian Gaming Regulatory Act of 1988, creating a regulatory framework for gaming on Indian lands.

Today, Native American tribes are looking to expand beyond casinos into marijuana, now legal in 4 states, and legal for medical use in 23. As governments try to exact on taxes to cash in, the idea of a tax-free ticket to the industry is not lost on Native Americans. Some tribes are considering changes to tribal laws as well as looking at commercial opportunities. California’s Pinoleville Pomo Nation is poised to be the first tribe to grow...

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URL: 
http://www.forbes.com/sites/robertwood/2015/03/23/native-american-tribes-eye-marijuana-business-with-their-tax-free-gaming-advantage/

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