Sheriff s officials seize nearly 30,000 marijuana plants across San Bernardino County during third week of Operation Hammer Strike vvdailypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vvdailypress.com Daily Mail and Mail on Sunday newspapers.
Recreational Marijuana Delivery Starts Slow in Colorado westword.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from westword.com Daily Mail and Mail on Sunday newspapers.
The
denial was accompanied by a statement by Justice Clarence Thomas, who criticized the federal government s current stance on marijuana.
The case concerns Standing Akimbo, a medical marijuana dispensary in Denver, Colo. that was audited by the IRS in 2014 to review its tax deductions.
Under U.S. tax code, legal businesses can deduct both the cost of goods sold and other expenses. However, marijuana dispensaries can only deduct the cost of goods sold because of federal prohibitions.
âUnder this rule, a business that is still in the red after it pays its workers and keeps the lights on might nonetheless owe substantial federal income tax,â Thomas explained.
Colorado Governor Signs Bill Adding New Restrictions to Medical Marijuana westword.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from westword.com Daily Mail and Mail on Sunday newspapers.
Both medical marijuana telemedicine and online dispensary payments are banned under state law, but were temporarily allowed by Governor Jared Polis for over a year in response to the COVID-19 pandemic.