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High taxes for cannabis businesses could be eased by new federal rules

High taxes for cannabis businesses could be eased by new federal rules
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'Ganga glut': Government is killing the weed industry with red tape and high taxes

'Ganga glut': Government is killing the weed industry with red tape and high taxes
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Recreational weed industry 'verges on collapse' due to steep taxes, plunging prices, glut of completion - and thriving illicit pot market

Currently, the recreational use of cannabis is legal in 23 states, and last year state-regulated medical and recreational pot sales topped $26 billion nationwide, according to Vangst.

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