SchwartzReport: IRS Screws Legal Marijuana Industry

Corruption, Government, Idiocy
Stephan A. Schwartz
Stephan A. Schwartz

This is a development that could assure the continuance of a marijuana black market because even where state law makes marijuana legal the federal tax code will make it impossible to create a functioning business of legal marijuana. That will be a big win for all those rice bowls are filled by prohibition continuing. It also means the ongoing destruction of tens of thousands of America families will continue.

Marijuana profits up in smoke under IRS rules

Phi Beta Iota: We are long overdue for the complete abolishment of the US tax code and the IRS, substituting the Automated Payment Transaction (APT) Tax.