Amicus briefs filed this week in a Ninth Circuit U.S. Court of Appeals tax case signaled the extreme curiosity the hashish business has within the IRS tax burden exacted on dispensaries and associated marijuana companies the feds take into account unlawful.

Indeed, legal professionals for California-based dispensary Harborside need nothing lower than to declare Section 280E of the U.S. Tax Code unconstitutional. And they made that time clear of their temporary filed May 26, which targeted on Section 280E instantly.

The two amicus briefs, from main commerce organizations the National Cannabis Industry Association, and the Marijuana Industry Group, in collaboration with the Cannabis Trade Federation Action Group, again up the dispensary’s problem.

– Read all the article at Forbes.

Source link