The feds are tyranical with thier taxes.

Discussion in 'Marijuana News' started by Old School Smoker, Nov 10, 2014.

  1. It pisses me off.
    But making money off of legalized pot has turned out to be substantially more complicated because marijuana remains a controlled substance under federal law. A federal tax code amendment passed in 1982 called Section 280E specifically denies tax credits or exemptions to businesses “trafficking” in controlled substances - so the nascent industry taking its first wobbly steps in Colorado and Washington is getting hammered, with some pot outfits forking over as much as 90 percent of their revenue in federal taxes, according to industry analysts.

  2. 280E was created to stop mob bosses and drug lords from claiming their illegal
    substances on their taxes.. the feds tried pulling this shit after prop 215 came
    out but the medical side won that battle, yet dispensaries are under constant
    attack from them. it's despicable.

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