Indopedia All Things Marijuana
As you nervously check your account balance to see if you have enough to cover your taxes and still stock up at the dispensary this weekend, you should know that your Great-Great-Great-Great Grandparents could have cut out an entire step and paid their taxes with cannabis plants.
If you’ve ignored the hundreds of TurboTax emails you’ve received over the last three months reminding you to fork over Uncle Sam’s vig, let me remind you that your taxes need to be filed by Tuesday, April 18th.
When you offer your annual monetary sacrifice to the Lords of Infrastructure, Education, and Homeland Defense, you’ll be allowed to do so via check or electronic bank transfer. But believe it or not, there used to be some even more convenient payment options at tax time, including forking over some cannabis.
For over 150 years, Americans were able to pay their taxes with stacks of cannabis. This alternative payment arrangement was instituted to encourage more farmers to cultivate hemp. Farmers were growing and using the hemp plant for its especially strong fibers, as utilizing cannabis to achieve a psychoactive effect didn’t become popular among Americans until many years…
