Many questions remain for Indian Country cannabis – by Jana Weltzin in Marijuana Venture Magazine
Tribal leaders should take caution before driving into industry
by Jana Weltzin | Marijuana Venture Magazine
There’s been a lot of recent activity regarding the involvement of Indian nations in the emerging cannabis market. The murky waters of tribal enterprises swirl with unanswered questions and faulty assumptions.
Will the Feds shut down tribal businesses? Do they have to deal with IRC 280E? Do they have to pay federal taxes at all? What about state and excise taxes? What state laws are applicable? With the federal government refusing to provide anything other than conditioned guidance, tribal leaders get stuck in yet another legal conundrum.
To begin our analysis of when and how an Indian nation may engage in the cannabis industry, we need to start with the initial question – What is Indian Country?