Seems like the IRS should push to allow settlement of taxes in cryptocurrencies.
"The government collected an estimated $4.7 billion in taxes from legal cannabis companies last year on nearly $13 billion in revenue. Unlike most American businesses, which pay electronically or by check, most of these marijuana-product firms were forced to pay their federal taxes in cash.
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Right now, when a cannabis business pays federal taxes, someone has to schedule an appointment with the IRS to go to its local offices and make a cash deposit. A secure space is set aside to count it all, and there are two IRS employees inside the room at all times, explained Oakland cannabis accountant Luigi Zamarra.
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Until recently, the IRS assessed a 10% penalty to legal marijuana businesses that paid their taxes in cash Hill says. In 2014, one of them sued. The following year, the IRS revised its policy and said it would no longer apply the 10% penalty to businesses that had tried in good faith to open bank accounts. However, Hill says the IRS would still prefer to be paid by check, credit card, or electronic deposit, “rather than with bags of cash smelling of weed.”"
https://qz.com/1461947/the-irs-cant-handle-cannabis-companies-all-cash-tax-payments/
"The government collected an estimated $4.7 billion in taxes from legal cannabis companies last year on nearly $13 billion in revenue. Unlike most American businesses, which pay electronically or by check, most of these marijuana-product firms were forced to pay their federal taxes in cash.
...
Right now, when a cannabis business pays federal taxes, someone has to schedule an appointment with the IRS to go to its local offices and make a cash deposit. A secure space is set aside to count it all, and there are two IRS employees inside the room at all times, explained Oakland cannabis accountant Luigi Zamarra.
...
Until recently, the IRS assessed a 10% penalty to legal marijuana businesses that paid their taxes in cash Hill says. In 2014, one of them sued. The following year, the IRS revised its policy and said it would no longer apply the 10% penalty to businesses that had tried in good faith to open bank accounts. However, Hill says the IRS would still prefer to be paid by check, credit card, or electronic deposit, “rather than with bags of cash smelling of weed.”"
https://qz.com/1461947/the-irs-cant-handle-cannabis-companies-all-cash-tax-payments/