Marijuana Dispensaries Lose IRS Tax Fight Over FedEx Delivery
Marijuana, and the IRS have a difficult relationship. A recent tax case in the united states court of appeals for the ninth circuit, Organics Cannabis Foundation LLC v. Commissioner (Jun. 19, 2020) is an unhappy story about a tax audit of several marijuana dispensaries. Anymarijuana business faces extra tough tax treatment, since Section 280E of the tax code flatly disallows all tax deductions…