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Friday, October 7, 2011

IRS Destroys An Industry?

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Amazing: With latest ruling, IRS threatens to crush the whole medical marijuana industry.
The Internal Revenue Service (IRS) is on the verge of shutting down California’s largest medical marijuana dispensary, and with it potentially the entire semi-legal pot industry.
The Harborside Health Center in Oakland — which was going to be the subject of a Discovery Channel reality show called “Weed Wars” — now owes the IRS $2.5 million in back taxes, thanks to the recent enforcement of a federal law that prohibits organizations that traffic in “controlled substances” from taking tax deductions.
Aren't prescription drugs a controlled substance?
Follow the money, and I'll bet you'll find that the big pharmaceutical companies are pulling the strings.

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