Common Tax Write-Offs Mostly Off-Limits For Marijuana Shops
Because of a law passed during the height of the war on drugs, shops can't take deductions available to other small businesses.
San Francisco Chronicle:
Up In Smoke: Federal Taxes A Big Burden For Pot Shops
Tax season is rarely cause for celebration for U.S. business owners, but for medical marijuana dispensary operators like Rechif, who runs Bloom Room Cannabis Collective in San Francisco, it tends to be an especially painful period. Thanks to an arcane federal law written and passed in the fever pitch of the war on drugs, marijuana dispensaries are unable to take advantage of the vast array of deductions that other businesses rely on to lower their tax bills each year. (Fracassa, 2/27)
In other news from across the state —
KPCC:
Rift Divides Top Air Quality Regulators
A rift has developed between two of the Los Angeles region's most important overseers of air pollution laws, one that might take an act of the state legislature to resolve. In a recent meeting, the head of the board that oversees air quality in the LA basin has accused the majority of an independent hearing board -- one that decides how to enforce local smog and emissions rules -- of being too cozy with the industries it regulates. (McNary, 2/27)
San Diego Union-Times:
Dave Roberts Wants Workers' Comp For Stress, Hand Injury
Former San Diego County Supervisor Dave Roberts has filed workers’ compensation claims for psychological stress from a threatening incident, and for an overuse-injury to his right hand, wrist and arm and other body parts.In the first claim, the one-term board member said he suffers from psychological health issues from a run-in with a mentally-ill man who aggressively approached brandishing silverware. “A man in a white shirt came at me with a fork,” Roberts said in a statement to police after the Oct. 26, 2013, incident. Records and past interviews with Roberts give no indication that the supervisor was touched by the man. (Stewart, 2/27)