IRS Stunting the Green Rush With Crippling Tax Rates
For businesses who deal directly with cannabis, the pain felt by the tax bill due the IRS is especially damaging. The IRS abuses Section 280E of the tax...
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For businesses who deal directly with cannabis, the pain felt by the tax bill due the IRS is especially damaging. The IRS abuses Section 280E of the tax...
Some way has to be found to exempt state-permitted medical marijuana providers from the clutches of 280E and its punitive tax burden.
While the IRS assaults the medical marijuana industry via the abuse of Section 280E, Wall St is taking notice of all the M&A activity & ensuing green rush.
Will big corporations get involved in marijuana? At this point even legal dispensaries under state law are still labeled as drug traffickers under federal law.
The medical marijuana industry, which is "blessed by state law, but persecuted by the IRS," has made Forbes Top 10 Tax Cases of 2012...
Lynnette M. Shaw, who opened the 1st licensed medical marijuana dispensary in the US, has filed for personal bankruptcy after the federal government shut down her Marin Alliance for Medical Marijuana .…