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Bags of Cash and Stealthy Deliveries: How Pot Start-Ups Pay Taxes

Source: https://nytimes.com/2018/05/18/business/smallbusiness/marijuana-companies-federal-taxes.html - May 21, 2018

Charity Gates phones her contact each month to make an appointment. When the time comes, she and a colleague drive around Denver, collecting stacks of $20 bills she has stored in various safes since the last delivery. She counts the cash and places it in small duffel or sling bags, carrying up to $20,000 at a time.

She then drives to a gray two-story office building downtown and parks on the street or in a pay lot nearby. Ms. Gates fears being robbed, so the two dress simply to avoid attention and use different vehicles and delivery days to vary their routine. “We hold our breath every time we go,” Ms. Gates said.

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Category: General Business