RICO and 280E favor gvt stores

RICO and federal income taxes hit private sellers of marijuana but not government stores.  RICO is explained here, and federal income tax is explained here.  No federal income tax means no 280E.

https://newrevenue.org/2016/01/05/state-marijuana-businesses-are-immune-from-rico/; http://taxprof.typepad.com/taxprof_blog/2016/02/leff-presents-taxing-governmental-marijuana-sales-today-at-indiana.html

 

 

exemption

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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