A look inside Utah's MMJ industry

Cannabis only recently became legal to grow in Utah for medicinal purposes, but growers say they're feeling challenged by federal law while managing rapid growth.

Currently, there are eight medicinal cannabis grow operations in Utah, and with demand fairly stable, the Utah Department of Agriculture and Food says they have no reason to issue anymore in the near future.

Chris Jeffery is the CEO of the medical cannabis producer of one of these eight facilities, WholesomeCo, and says the federal government doesn't make it easy on his business.

"Narcotics in cannabis on the federal level is classified schedule one, they tax you on your gross profits, Jeffery explained. "So even if you lose money on a net income basis, you're still paying a big tax bill, and so that's been, that's really the biggest challenge."

Read more at fox13now.com

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