We've spent a great deal of time discussing the limitations of Washington's I-502 regulations, but it wouldn't be worth talking about if the recreational marijuana industry weren't extremely promising. Washington businesses looking to enter the market need look no further than Colorado to see that promise coming to fruition.
For this entry in our I-502 Marijuana Law Series we'd like to highlight the potential tax benefits for entrants into the marijuana production and processing market.
Marijuana will undoubtedly become a great new frontier for entrepreneurs if it continues to trend toward legalization in the United States. In Colorado, marijuana sales topped $5 Million in the first week sales became legal.