Federal authorities have seized nearly $250,000 from the accounts of two Sacramento area dispensaries in a probe into alleged concealment of medical marijuana proceeds.
In a potentially crushing blow to the burgeoning medical marijuana industry, the IRS has ruled that dispensaries cannot deduct standard business expenses such as payroll, security or rent.
The Internal Revenue Service has ordered Oakland's Harborside Health Center, the largest medical cannabis dispensary on the West Coast, to pay $2 million in taxes after ruling that the collective cannot deduct standard business expenses, such as payroll and rent.
An initiative that would let Montana voters undo legislative changes that gutted the state's medical marijuana law will be on the ballot in November 2012.
A group that promotes medical marijuana rights says the federal government’s omnibus crime bill would make criminals out of people with legitimate health conditions.