This article was originally published on the Marijuana Patients Organization site on October 7, 2014.
An obscure tax code provision targeting drug dealers is giving state-licensed cannabis businesses a headache. Dispensaries and caregivers are filing federal tax returns and the IRS is taking notice. While the federal government doesn’t recognize marijuana businesses as being legitimate, the IRS is demanding businesses pay inflated taxes. What can a marijuana business do to defend itself?
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