Colorado Marijuana Businesses Meet The IRS

Could be trouble for some Colorado marijuana businesses.

The Internal Revenue Service is looking into Colorado cannabis cash controversy.

Cash seems to be the main issue is this report from the IRS. Now, am not very financially educated with banks and laws and restrictions, etc. Especially in the business world, however from what I can deduce from this is that Colorado pot businesses may not be playing fairly.

Quickly closing down bank accounts, audits and something known as Form 8300.

You can imagine the IRS's interest in all of this commerce. With over 500 pot dispensaries in the state of Colorado, revenues are exceeding $400 million.