Marijuana Tax Break Disputes Denied Again by Supreme Court (1)

The U.S. Supreme Court again declined to hear a pair of disputes brought by marijuana businesses in their battles with the IRS.

The high court denied challenges brought in Standing Akimbo, LLC v. United States and Speidell v. United States. Both cases concern tax code Section 280E, which disallows tax breaks for businesses trafficking Schedule I or II controlled substances.

In Standing Akimbo, LLC, a Denver-based dispensary is fighting an IRS summons concerning whether it took advantage of barred tax breaks, arguing that Section 280E violated the 16th Amendment. The dispensary called on the ...