Why the IRS is Targeting the Cannabis Industry
Ricardo Baca interviewed Jim Thorburn on The Cannabist Show recently. Jim explained a recent jump in the number of IRS audits of cannabis business operators as related to how companies, typically cultivators or processors, are handling the reporting of cash, though he suggests anecdotally that even ancillary companies are facing issues.
Fish or Cut Bait
Cheryl Miller posts on Yahooo Finance and reviews the Feinberg case in the U.S. Court of Appeals for the Tenth Circuit, in which a federal judge challenges the IRS' denial of tax deductions initially taken by a Colorado-licensed marijuana dispensary.