IRS ruling imperils medical marijuana industry

posted by
October 6, 2011
The Raw Story    
Posted in LAND News, News, PND News

"The Internal Revenue Service (IRS) is on the verge of shutting down California’s largest medical marijuana dispensary, and with it potentially the entire semi-legal pot industry. The Harborside Health Center in Oakland -- which was going to be the subject of a Discovery Channel reality show called Weed Wars -- now owes the IRS $2.5 million in back taxes, thanks to the recent enforcement of a federal law that prohibits organizations that traffic in 'controlled substances' from taking tax deductions." [editor's note; It would indeed be ironic if this became the real battleground for saving the 10th Amendment - SAT] (10/05/11)

http://tinyurl.com/677nhk7  

Tags:

Our Sponsors