Medical cannabis in CA is a “con job,” says Law Enforcement … Hemp study included in House farm bill… Banks leery of working with dispensaries… Super Bowl billboard competition… Flying high to Denver… and more.
(Newsday) // The federal tax court has ruled against San Francisco’s now-closed Vapor Room. It means the business owes thousands of dollars in back taxes – and has wide implications for all dispensaries.
Marijuana is legal for medical use under California law, but sale and possession are still federal crimes. Raids on growers and dispensaries – and a general climate of uncertainty – are increasingly creating problems for the industry.
Last week, the company that processes most dispesary credit card transactions nationally announced that starting in July, it would no longer do so. This means businesses will now have to conduct most of their business in cash.