California's cannabis reparations
The Documentary Podcast
00:00
The Biggest Challenge Faced by Social Equity Businesses
Legal cannabis may be high quality, tested for pesticides, safer than illegal weed, but it's pretty expensive. Legal cannabis firms also pay federal taxes, but are not allowed the same tax write-offs as other businesses. That means they face a huge tax bill. Tucky says Blunt some more made around three and a half million dollars this year, but believes he needs to make five million dollars just to break even.
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Transcript
