[QU
MmmmmOTE=copobo;2210529]from norml.org

"Earlier this week, the Internal Revenue Service (IRS) issued a long-awaited $2.5 million ruling against a major medical cannabis dispensary in California. Citing an obscure part of the US tax code meant to target drug cartels, the federal agency is barring dispensaries, even those licensed under state law, from taking any business-related tax deductions and is seeking millions in dollars in back taxes.
I am surprised the dispensaries out in Cali did not know this in the Tax Code??? Our accountant advised us this when we first hired her, dispensaries can only legally claim COGS as a write off and nothing more. That's why allot of us are struggling paying taxes that no other businesses are subject to the rates we have to pay!

This adverse ruling has the very real potential to stop the regulated sale of cannabis currently underway in California, Colorado, Maine and New Mexico; and planned in Arizona, Montana, Delaware, New Jersey, and Washington, D.C "
,?!MMM

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