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CA cannabis firm seeks US Supreme Court ruling on $1.3 million tax case

A California cannabis business is taking its fight over a $1.3 million tax bill to the U.S. Supreme Court after losing a lower-court ruling based on the company filing its challenge to the U.S. Tax Court one day late. Organic Cannabis Foundation, which…

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Denver medical cannabis dispensary takes 280E appeal to Supreme Court

A Colorado medical cannabis dispensary is asking the U.S. Supreme Court to review a lower-court decision that allowed the IRS to obtain business records in order to apply the onerous 280E provision of the tax code. The filing this week is a long shot, …

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Supreme Court declines to hear challenge to marijuana’s Schedule I status

The justices rejected a 2017 lawsuit aimed at overturning the baseless Schedule I classification of cannabis.
The post Supreme Court declines to hear challenge to marijuana’s Schedule I status appeared first on Leafly.

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US Supreme Court declines to weigh in on cannabis overtime pay case

How federal labor laws affect state-legal marijuana businesses could remain murky after the U.S. Supreme Court decided not to hear an overtime pay case in the cannabis sector. A petition by Helix TCS, a Colorado cannabis security firm, for the Supreme …