SCOTUS Is Critical on the State of Affairs of Cannabis Laws in the U.S.
SCOTUS Is Critical on the State of Affairs of Cannabis Laws in the U.S.Update: 2021-08-04
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A half-in, half-out cannabis regime cannot stand. But the U.S. Supreme Court recently said it won’t consider a Colorado marijuana dispensary's dispute with the IRS over a deduction restriction for drug-related businesses. The high court rejected the challenge from Standing Akimbo LLC, which operates a state-legal medical marijuana dispensary in Denver. Justice Clarence Thomas vehemently disagreed with the Supreme Court’s refusal to hear this tax case that affects a cannabis dispensary. The conservative justice’s stance strongly suggests he believes any federal marijuana ban is unconstitutional. Tune into this NewsMunchies episode for full commentary on tax, law, and business issues associated with cannabis.
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