Tag: IRS

(20 posts)
May 12, 2015
05/12/2015
Feds Propose 50% Marijuana Tax—as a Tax Cut

Feds Propose 50% Marijuana Tax—as a Tax Cut

Should marijuana businesses pay tax on gross profits or net profits? It sounds like a silly question. After all, virtually every business in every country pays tax...
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January 29, 2015
01/29/2015
IRS Prepares to Audit, Raid Dispensaries

IRS Prepares to Audit, Raid Dispensaries

A byzantine legal memo of potentially disastrous implications has been released by the Internal Revenue Service (IRS), articulating a new theory of the tax code which could...
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September 5, 2014
09/05/2014
Legal Pot, Murky Jobs: Marijuana Laws Put Workers in Tough Spot

Legal Pot, Murky Jobs: Marijuana Laws Put Workers in Tough Spot

Federal law still considers marijuana as a dangerous drug, so prosecutors could easily bring drug-trafficking charges against anyone whose salary is paid by taxes collected on legal...
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July 7, 2014
07/07/2014
IRS Fines Unbanked Pot Shops for Paying Federal Payroll Tax in Cash

IRS Fines Unbanked Pot Shops for Paying Federal Payroll Tax in Cash

Legal marijuana businesses without bank accounts are unfairly assessed a 10 percent penalty on federal employee withholding taxes they are forced to pay in cash. And rather than...
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July 3, 2014
07/03/2014
An Industry Emerges: The NCIA Cannabis Business Summit in Denver

An Industry Emerges: The NCIA Cannabis Business Summit in Denver

The exhibition hall in the Denver Convention Center last week was a wonder to behold. Automated, high-capacity marijuana trimming machines. Industrial strength cannabis oil extraction devices. Marijuana...
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February 20, 2014
02/20/2014
Christian Dispensary Takes on IRS

Christian Dispensary Takes on IRS

A non-profit Christian dispensary in Sacramento is fighting the IRS for the right to deduct business expenses.
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December 30, 2013
12/30/2013
Banking Regulations Will Mean Better Service for Cannabis Patients and (Now) Customers

Banking Regulations Will Mean Better Service for Cannabis Patients and (Now) Customers

Last week, a banking meeting took place in Washington DC regarding regulations that currently exist that make it difficult for medical marijuana business to have normal access to banking...
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November 25, 2013
11/25/2013
Denver Dispensary Raid By DEA and IRS Didn’t Faze Me

Denver Dispensary Raid By DEA and IRS Didn’t Faze Me

Working in a dispensary has its risks. When I applied for a badge I assumed that a certain amount of risk was involved. There were at least...
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October 9, 2013
10/09/2013
USA v. Gutierrez: Oaksterdam University Protestor Beaten by Federal Officers Found Guilty of Assault

USA v. Gutierrez: Oaksterdam University Protestor Beaten by Federal Officers Found Guilty of Assault

“My children are going to grow up without a father! Over what?!” shouted Sarah Schrader, longtime girlfriend of Jose Gutierrez and the mother of his two young...
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September 5, 2013
09/05/2013
Activist Targeted And Beaten By DEA Agents Faces Charges

Activist Targeted And Beaten By DEA Agents Faces Charges

In a great article on Ladybud, Angela Bacca recalls the events of the recent raids in Oakland, when DEA agents moved to shut down Oaksterdam. Jose Gutierrez, a...
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August 27, 2013
08/27/2013
Almost 200 Applicants for Dispensaries in Massachusetts

Almost 200 Applicants for Dispensaries in Massachusetts

On Election Day, by an overwhelming majority of voters, Massachusetts legalized medical cannabis and approved the Act for the Humanitarian Medical Use of Marijuana. The law includes allowing patients to possess...
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June 28, 2013
06/28/2013
IRS Stunting the Green Rush With Crippling Tax Rates

IRS Stunting the Green Rush With Crippling Tax Rates

Every business owner knows taxes hurt net profit margins and cash flow. No matter what the tax rate, it’s easy math to see that every dollar you...
By: Mercedys
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May 17, 2013
05/17/2013
Stopping the IRS War on Medical Marijuana Providers

Stopping the IRS War on Medical Marijuana Providers

Dispensaries providing marijuana to doctor-approved patients operate in a number of states, but they are under assault by the federal government. SWAT-style raids by the DEA and...
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March 27, 2013
03/27/2013
Forbes: Medical Marijuana Goes Even More Corporate

Forbes: Medical Marijuana Goes Even More Corporate

While the IRS assaults the medical marijuana industry by abusing Section 280E, Wall Street is taking notice of all the M&A activity and the ensuing green rush....
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November 21, 2012
11/21/2012
Is Medical Marijuana Going Corporate?

Is Medical Marijuana Going Corporate?

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. Section 280E of the tax code denies...
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October 26, 2012
10/26/2012
Forbes’ Top 2012 Tax Cases: #10, The IRS Wages War on Medical Marijuana

Forbes’ Top 2012 Tax Cases: #10, The IRS Wages War on Medical Marijuana

The medical marijuana industry, which is “blessed by state law, but persecuted by the IRS,” has made Forbes’ Top 10 Tax Cases of 2012 given the havoc...
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September 10, 2012
09/10/2012
Cannabis Reform: From Local to Federal, Part 1

Cannabis Reform: From Local to Federal, Part 1

What if we’re going about this all wrong? What if we’re playing into the hands of the federal government and the medical marijuana model is a federally-authorized ruse...
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July 13, 2012
07/13/2012
Owner Of Nation’s First Marijuana Pharmacy Now Broke And Fighting IRS

Owner Of Nation’s First Marijuana Pharmacy Now Broke And Fighting IRS

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...
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July 12, 2012
07/12/2012
Video: Harborside Health Center Press Conference July 12 2012

Video: Harborside Health Center Press Conference July 12 2012

Below is a 67 minute mobile video of this morning’s 9am press conference in response to the Obama administration’s latest assault on the Harborside Health Center, which...
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July 9, 2012
07/09/2012
3 Accounting Tricks the Obama Administration Uses to Hide the Cost of the Drug War

3 Accounting Tricks the Obama Administration Uses to Hide the Cost of the Drug War

Check out Mike Rigg’s detailed article at Reason on how the Obama administration finds clever ways to cook the drug war books, including funding the attack on industrial hemp...
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