Last month, the U.S. Supreme Court denied review of a case out of Colorado dealing with a medical marijuana dispensary’s challenge to a tax code provision. After denying review, Justice Thomas—one of the Court’s most...more
7/30/2021
/ Controlled Substances ,
Decriminalization of Marijuana ,
Dispensaries ,
Federal v State Law Application ,
Interstate Commerce ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Recreational Use ,
Tax Code
One of the most frustrating issues facing the US’s burgeoning cannabis industry has been the inequitable tax treatment that cannabis businesses face as compared to other industries. The IRS’s guidance for one section of the...more
2/22/2021
/ Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Dispensaries ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Marijuana Related Businesses ,
Tax Court ,
Tax Credits ,
Tax Deductions ,
Tax Returns