Academia Shuts the Door on Weed
You’d think college campuses would be havens for the marijuana community. They’re liberal, they’re full of young people smoking dope for the first time, and a few of them celebrate special cannabis holidays. But try lighting up a J on campus most days, and you’re more likely to encounter hostility than acceptance. Terrified of federal […]
D.C. Advocates Turn in Signatures for Legal Weed Campaign
Resident of the District of Columbia may soon get the chance to decide whether they want to legalize pot. A group of activists pushing for legalization said they turned in 57,000 signatures to District election officials July 7. They needed less than half that number to qualify for the November ballot. Even if many of […]
Colorado Marijuana Group Sues over Tax
A group of marijuana proponents in Colorado have filed a lawsuit seeking to block the state from collecting certain taxes on weed sales. Attorney Rob Corry filed the suit in Denver District Court. In it, he claims pot providers in Colorado could incriminate themselves under federal law by paying taxes. Colorado has had medical marijuana […]
Medical Marijuana Dispensaries Prevail In The Face Of Rising Taxes
There have been many instances throughout history when state governments find themselves on the opposing sides of the federal government. One particular issue that has become increasingly prominent recently is the legalization of marijuana. At present marijuana has already been legalized for medical use in 18 states and in Washington D.C. In fact, Washington and […]
IRS Clamps Down On Medical Marijuana Trade
As far as paying taxes are concerned, the marijuana industry is still in a bit of a flux. Although already legal for medical use in 18 states and Washington D.C., marijuana is still considered a controlled substance by the federal government. So by extension, the IRS–which is a federal organization–considers marijuana an illegal substance as […]
Tax Problems Plague Marijuana Industry
Although it was originally intended as a way to prevent traffickers of illegal drugs from benefiting from tax deductions, Section 280E has since become a thorn in the side of legal marijuana dealers all over the United States. Implemented in 1982, the provision in the U.S. tax code was originally intended to prevent dealers in […]
Marijuana Dealers Hit Hard By The IRS
Marijuana dispensaries in the United States may be operating within the bounds of state law, but they might as well be illegal as far as the IRS is concerned. Although allowed to conduct business in 18 states in the U.S. and in Washington D.C., hundreds of dispensaries are subject to exorbitant tax rates–as much as […]
Tax Laws Target Medical Marijuana Industry
Tax laws are notorious for being difficult to deal with, but the laws regarding the taxation of marijuana are especially challenging. At present, 18 states and Washington D.C. have legalized the use of marijuana for medical purposes, and Colorado and Washington have even decriminalized recreational use. Even so, the IRS basically places legal marijuana dealers […]
Paul Ryan Claims To Be OK With Medical Marijuana States
The opening salvo in disinformation regarding medical marijuana has been fired by Republican vice presidential candidate Paul Ryan. Yesterday, in an interview with a Colorado radio station, KRDO – TV Ryan stated that he believed that the states which have voted for medical marijuana, although it goes against federal guidelines, should be allowed to decide […]
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