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Marijuana Has the IRS Seeing a Different Type of Green

Submitted by Marijuana News on Mon, 07/25/2016 - 08:45

The marijuana industry has been on an incredible ride over the past 20 years, and it appears as if that ride could pick up steam once again come November.

As it stands now, half of all U.S. states have legalized the use of medical marijuana, including Pennsylvania and Ohio, which both recently legalized medicinal marijuana entirely through the legislative process (i.e., without putting the issue on a ballot for citizens to vote on). An additional four states -- Washington, Oregon, Colorado, and Alaska -- have legalized the sale of marijuana for recreational purposes to adults ages 21 and up. The result, according to cannabis research firm ArcView Market Research, was an estimated $5.4 billion in legal marijuana sales in the U.S. in 2015. Between now and 2020, ArcView believes the legal-marijuana market can grow by an average of 30% per year.

This is why November is such an important time...

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