You are here
Home 🌿 Marijuana Business News 🌿 Cash-only marijuana dispensaries flood California tax office with paper 🌿Cash-only marijuana dispensaries flood California tax office with paper
Warning message
The subscription service is currently unavailable. Please try again later.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...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin