article thumbnail

New Mexico Lawsuit Sparks Marijuana Business Tax Debate

PYMNTS

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code.

article thumbnail

CFPB April 2016 complaint report highlights mortgage complaints, complaints from California consumers

CFPB Monitor

General findings include the following: As of April 1, 2016, the CFPB handled approximately 859,900 complaints nationally, including approximately 26,500 complaints in March 2016. The percentage of debt collection and credit reporting complaints submitted by California consumers was lower than the national average.