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Home 🌿 Marijuana Business News 🌿 Cash-only marijuana dispensaries flood California tax office with paper 🌿Cash-only marijuana dispensaries flood California tax office with paper
The businesses are legally unable to write checks or make credit card transactions, raising questions of safety as people carry huge sums
The Sacramento branch of the California tax collection agency reeks of marijuana.
That’s because it’s cash day at the collection center – when marijuana dispensary owners are allowed to bring in paper money to pay their quarterly sales tax bill – and the smell of their inventory clings to everything.
California, like all states with any form of legalized marijuana, faces a growing problem over the federal government’s position that cannabis remains a Schedule 1 illegal drug, classified the same way as meth or cocaine, with no legal uses – and therefore no legal access to traditional banks.
That means medical marijuana dispensaries, along with growers, distributors and other marijuana-related businesses that are operating legally under state laws, have no choice but to be cash-only businesses. They can’t...
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