The Internal Revenue Service (IRS) will persist in pursuing tax payments from marijuana businesses that have taken deductions in anticipation of a potential federal rescheduling, according to a federal agency attorney. If such a reform is implemented, the attorney notes that the IRS could potentially be authorized to seize assets from cannabis companies that fail to meet their tax obligations.
Let me put it another way: the United States government spent more than fifty years…
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Cannabis advocates should take the lesson here too. The industry doesn't need to inflate its…