Tuesday, October 4, 2011

How the Tax Code Could Destroy Medical Marijuana - Conor Friedersdorf - Politics - The Atlantic

How the Tax Code Could Destroy Medical Marijuana - Conor Friedersdorf - Politics - The Atlantic: "The slick video above is a testament to the professionalism and savvy of the folks at the Harborside Health Center, the largest medical marijuana dispensary on the West Coast. They're popular in their community, Oakland, among both their 83,000 members and city officials who appreciate the $1,081,450 tax bill the nonprofit organization recently paid into municipal coffers. But Luigi Zamarra, Harborside's chief financial officer, says that a tax problem with the IRS may force the operation to shut its doors if the federal agency's current ruling stands."

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