The mark-to-market policy defined in "how are futures taxed" means all open contracts are treated as if sold at year-end market prices. For grain futures, this ensures tax reporting consistency amid shifting USDA harvest forecasts. The 24% tax on marijuana narrowly passed the Senate, setting Michigan up to have the second-highest marijuana tax in the country. This week, Speaker of the House Matt Hall (R-Richland Township) said the entire budget deal hinges on the bill’s passage. How Will Market Perform Next Week | Nifty Outlook & Sector Watch Risk managers consider "how are futures taxed" when evaluating worst-case scenarios. In volatile sessions, recognizing year-end taxable gains may affect liquidity reserves in pension-linked investment funds.