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Tag: marijuana

Cannabis Taxes: How The IRS Is Handling The Cannabis Industry

Cannabis Taxes: How The IRS Is Handling The Cannabis Industry

John LuckenbaughFebruary 9, 2021January 5, 2022

The cannabis industry has been growing rapidly over the last few years as more states begin to make it either medically or recreationally legal. However,

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Bill To Decriminalize Marijuana For Federal Purposes Passes House

Bill To Decriminalize Marijuana For Federal Purposes Passes House

Kelly Phillips ErbDecember 8, 2020January 10, 2021

As more and more states legalize marijuana, pressure has been growing for Congress to take some action. This week, the House passed legislation that would

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New IRS Marijuana Web Page Intended To Sweeten The Pot For Business Owners

Kelly Phillips ErbSeptember 14, 2020December 14, 2020

Not sure that things are changing in the tax and legal worlds? Here’s proof that it is: The Internal Revenue Service (IRS) has released a

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4/20 Is High Time To Think About Marijuana & Taxes

4/20 Is High Time To Think About Marijuana & Taxes

Kelly Phillips ErbApril 20, 2020May 20, 2020

Today is 4/20, or National Weed Day. A few years ago, the counterculture holiday would have confounded from some and amused others. Now, 4/20, the day

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4/20: The Blunt Truth About Marijuana & Taxes

Kelly Phillips ErbApril 20, 2015

There was a time when the term 4/20 drew either blank stares or giggles. The term, which refers to marijuana, has become more mainstream in

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It’s No Toke: Colorado Pulls In Millions In Marijuana Tax Revenue

Kelly Phillips ErbMarch 11, 2014July 27, 2020

Marijuana is legal now in Colorado and bringing in tax revenue. So what happens to the money?

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As Many Celebrate 4/20, Feds Still Won’t Budge On Regulation & Taxation of Marijuana

Kelly Phillips ErbApril 20, 2013July 8, 2020

Today is April 20 or 4/20. If I get a blank stare with that proclamation, then you’re among the millions of Americans who are outside

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Stirring the Pot: Could Legalizing Marijuana Save the Economy?

Kelly Phillips ErbApril 20, 2012May 18, 2020

On April 2, One L. Goh allegedly went on a shooting spree inside Oikos University in Oakland, California, killing seven students. That same day, federal

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The Pot Plot Thickens: Update

Kelly Phillips ErbOctober 7, 2011May 19, 2020

So even as I was writing the story about the IRS’ audit of Harborside yesterday, I couldn’t make sense of it. It felt so heavy-handed

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IRS Just Says No To Medical Marijuana Deductions

Kelly Phillips ErbOctober 6, 2011May 19, 2020

Our culture is fascinated with marijuana. We speak in hushed tones about cocaine and other “hard” drugs but we’re pretty outspoken about marijuana. It’s even

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