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Thread: Marijuana profits up in smoke under IRS 70% rule 280E.

  1. #1
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    Marijuana profits up in smoke under IRS 70% rule 280E.

    "I believe that the feds extend the drug war through 280E," said Jordan Cornelius, a Denver accountant who has worked with Woolhiser and many other marijuana companies in Colorado. "If (the federal government) can't put them out of business legally when voters are mandating these businesses to move forward, it's very easy to put them out of business financially." It's unclear that the federal government is actively enforcing this tax code in an effort to undermine the legal business, but that is the effect.

    http://www.usatoday.com/story/news/n...sses/18165033/
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    Regular Member The Truth's Avatar
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    This is really surprising! Oh wait, no it isn't.
    Sic semper evello mortem tyrannis.

    μολὼν λαβέ

    Quote Originally Posted by stealthyeliminator
    So in actuality you have no evidence that anything wrong took place, you only believe that it could be spun to appear wrong. But it hasn't been. The truth has a funny way of coming out with persistence, even if it was spun negatively the truth would find its way because these people will not accept less.
    Quote Originally Posted by WalkingWolf View Post
    The truth causes some people so much pain they can only respond with impotent laughable insults. Life must be rough for those people.

  3. #3
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    Dude ... dude? What happen to all my cashola?

    I don't know if the stories I have seen online are accurate....I'm not an accountant and the guys complaining are likely stoned.

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