The legal marijuana industry is booming: 29 states and the District of Columbia have legalized marijuana for either medical or recreational use as of July 2017.

But, because marijuana is a controlled substance under federal law, the IRS hits the industry’s profits hard with a little-known provision in the tax law.

If you are interested in getting into this new industry, you need to know the tax issues and how you can legally minimize the taxes you need to send to Uncle Sam. ... Log in to view full article.