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troutman · 10-19-2016, 10:39 AM

https://www.bostonglobe.com/metro/20...IYJ/story.html

Legalization has ushered in thousands of new jobs in the burgeoning industry, brought $135 million into state coffers last year, and ended the prohibition of a widely used substance.

The poll found 53 percent believe legalizing marijuana has been good for the state, while 39 percent believe it has been bad.

Sally Vander Veer, president of one of the state’s largest dispensaries and cultivation operations, which has 70 employees and a payroll of about $3.8 million a year, is bullish on her rapidly expanding business. Medicine Man has a 40 percent profit margin, she said. But her company struggles with what she estimates to be an effective tax rate of nearly 50 percent, as well as having to deal almost exclusively in cash. Because marijuana remains illegal under federal law, access to banking services is severely restricted.

10-19-2016, 10:39 AM	#12
troutman Unfrozen Caveman Lawyer Join Date: Oct 2002 Location: Crowsnest Pass Exp:	https://www.bostonglobe.com/metro/20...IYJ/story.html Legalization has ushered in thousands of new jobs in the burgeoning industry, brought $135 million into state coffers last year, and ended the prohibition of a widely used substance. The poll found 53 percent believe legalizing marijuana has been good for the state, while 39 percent believe it has been bad. Sally Vander Veer, president of one of the state’s largest dispensaries and cultivation operations, which has 70 employees and a payroll of about $3.8 million a year, is bullish on her rapidly expanding business. Medicine Man has a 40 percent profit margin, she said. But her company struggles with what she estimates to be an effective tax rate of nearly 50 percent, as well as having to deal almost exclusively in cash. Because marijuana remains illegal under federal law, access to banking services is severely restricted.