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WEED NEWS

Oregon Marijuana Businesses Press Congress For Banking And Tax Fairness

Posted on October 20, 2015 at 10:20 AM

marijuana taxes tax

Just weeks after Oregon’s marijuana dispensaries opened their doors to adult sales, 25 members of the Oregon Cannabis Association will travel to Capitol Hill this week to educate lawmakers and urge support for legislation to allow legal cannabis businesses the same access to the financial services and standard tax deductions that every other business depends upon.

 

Currently, most banks refuse to serve marijuana businesses because they fear a federal crackdown could cause them to lose their FDIC protection, forcing them to close or exposing them to prosecution under federal anti-drug laws.

 

Even allied businesses like Cascadia Labs, an Oregon company that provides state-mandated testing of cannabis products sold in licensed........http://www.theweedblog.com/oregon-marijuana-businesses-press-congress-for-banking-and-tax-fairness/











 

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Categories: NEW MARIJUANA NEWS*

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