Tag: irs

Seattle: IRS Agent Busted for Extorting Medical Cannabis Dispensary

A Seattle Internal Revenue Service (IRS) agent has been charged with soliciting a bribe and accepting payment from a local medical cannabis dispensary owner, according to a news release from the U.S. Attorneys Office. Paul Hurley, 42, was charged Monday in U.S. District Court after he allegedly asked for $20,000 cash from a dispensary owner …

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IRS Grants Tax-Exempt Status to Cannabis Church

Indiana’s First Church of Cannabis, which was given approval recently by the state’s Secretary of State, has been granted tax-exempt status by the Internal Revenue Service (IRS). The First Church of Cannabis, which approval comes after state lawmakers passed the controversial Religious Freedom Restoration Act, is a church “based on love and understanding with compassion …

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Federal Bills to Amend IRS Code to Allow Tax Deductions by Cannabis Businesses Announced

Today, Representative Earl Blumenauer (D-OR-03) and Senator Ron Wyden (D-OR) announced plans to introduce bicameral legislation next week that would reconcile state cannabis laws and federal tax law. The Small Business Tax Equity Act, which was introduced last Congress by Congressman Blumenauer, would create an exception to Internal Revenue Code Section 280E to allow cannabis …

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