What Small Business Is Reading and Watching

Taxing Pot Shops, Fearing Obamacare Costs, Bing Crosby as Silicon Valley Trailblazer: May 14


Taxing Pot Shops, Fearing Obamacare Costs, Bing Crosby as Silicon Valley Trailblazer: May 14

Illustration by André da Loba

Medical marijuana dispensaries have been forced to pay sales taxes in cash, because federal law prevents banks from offering accounts to pot shops, reports Alison Vekshin [Bloomberg News]

In a recent survey of 603 small business owners, 48 percent of respondents say that the Affordable Care Act is going to be bad for business when it goes into full effect at the beginning of next year, and 52 percent say employees will receive lower-quality health coverage because of the 2010 law. [Gallup]

Paul Ford writes that Bing Crosby’s investment in audio-recording technology developed in Nazi Germany played a key role in the rise of Silicon Valley. [New Yorker]

AOL founder Steve Case gave a commencement speech at the University of North Carolina, where he told graduates that the U.S. needs to “double down on entrepreneurship,” according to Gregory Childress. [Herald Sun]

A San Francisco-area oyster farmer says that environmentalists are fighting to keep him from getting his state license renewed (video). [Fox Business]

Clark is a reporter for Bloomberg Businessweek covering small business and entrepreneurship.

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