U.S. Opposes Marijuana Dispensary’s Tax Fight for SCOTUS Review

Feb. 12, 2021, 11:20 PM

A Colorado marijuana dispensary’s fight over summonses related to possible business deductions shouldn’t be heard by the Supreme Court, the IRS argued, because the tax code explicitly bars such businesses from receiving deductions.

The Denver-based dispensary, Standing Akimbo LLC, has identified “no error in the decision below, let alone one warranting this Court’s review,” the government said in a filing to the high court.

It is the latest development in the dispute between the agency and the dispensary, which petitioned the Supreme Court in November to take up its challenge to an IRS summons requesting audit information to see if ...

To read the full article log in. To learn more about a subscription click here.