Medical Marijuana Deductions get “Squeezed” by IRS

paulcyoungs — Thu, 06 Oct 2011 14:49:00 +0000

The IRS struck a blow at medical marijuana dispensaries this past week by declaring that business expenses would not be deductible by dispensaries. This resulted in a huge tax bill for the California dispensary, Harborside Health Center, whose ordinary business expenses, including payroll, were disallowed. This extreme position will be litigated by Harborside, who strongly contests the ruling of the IRS. Read more about the IRS restrictions for Medical Marijuana Dispensaries.

If you have any questions regarding Michigan Medical Marijuana Laws, or you need a dedicated and proven Attorney to represent you, contact Paul C. Youngs today. Mr. Youngs has lectured on Medical Marijuana laws extensively and represents clients facing various challenges in this emerging field.

Legalize it?… How about just decriminalizing it, for now?

paulcyoungs — Mon, 21 Feb 2011 03:15:12 +0000

Ann Arbor has a very lenient policy towards Marijuana. Why not implement this policy state wide?… It appears courts and police haven’t fully embraced the Medical Marihuana Act, so why no just decriminalize marijuana under a certain quantity, ie, make possession of it a civil infraction. (similar to a speeding or parking ticket)

The link below is an article written on the topic that I was interviewed for.

http://www.prweb.com/releases/2011/01/prweb4978674.htm