They’re also certifiably crazy.
So with states passing medical marijuana laws, it makes sense to have good controls over those who sell marijuana to make sure things are on the up and up.
Of course, that’s nearly impossible with the feds breathing down the states’ backs and interfering with any system of checks and balances that a state might want to implement.
But let’s say an individual dispensary want to try to do the right thing. So they pay federal taxes on their marijuana sales just like any other business.
Oakland –Â A leading Oakland marijuana dispensary was hit with a $2.5 million tax bill this week, which may force its closure, dispensary staff said Tuesday.
Harborside Health Center owes the Internal Revenue Service back taxes for 2007 and 2008, based on a federal law prohibiting marijuana dispensaries – unlike other businesses – from deducting payroll, insurance, rent, workers’ compensation and other operating costs from its revenues.
So, what message does that send to dispensaries that want to do the right thing and pay income taxes, but aren’t completely loony?
Item 2. Dispensaries have tried to be good players by keeping business accounts in banks, where the money can be tracked, and, if there was any wrong-doing, an investigation could occur.
Denver — On Friday, the last bank in Colorado to openly work with the medical-marijuana industry — Colorado Springs State Bank — officially closed down the accounts of dispensaries and others in the state’s legal marijuana business over concerns about working with companies that are, by definition, breaking federal law. […]
That’s where the really big safe comes in.
The owner of the Colorado Springs dispensary [interviewed by the Post] — who didn’t want his name or the name of his business used for fear of attracting thieves — said he will have to stick money in there instead of depositing it into a bank account. He’s also planning to take a class this weekend to get a concealed-weapons permit, for protection outside the store.
Our federal government likes black markets so much that it goes out of its way to create them.