California medical cannabis dispensary owes $4.2 million, US Tax Court rules

On: February 18, 2021

A subsidiary of California-based cannabis retailer Harborside must pay nearly $4.2 million in back taxes and penalties after losing a case in U.S. Tax Court. The Tax Court determined in a decision issued Wednesday that San Jose Wellness, the Harborside subsidiary, can’t claim tax deductions for depreciation or charitable contributions under Section 280E of the […]

California medical cannabis dispensary owes $4.2 million, US Tax Court rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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