IRS Deal Will Refund Fines To Denver Pot Shop That Pays Taxes In Cash

The IRS has backed away from a policy that penalized an unbanked marijuana business in Denver for paying taxes in cash.

COLORADO: The Internal Revenue Service has backed away from a policy that penalized an unbanked marijuana business in Denver for paying taxes in cash, but the federal agency will not say if the approach applies industry-wide. In a settlement with Denver-based Allgreens, a medical-marijuana dispensary that challenged the agency over its policy, the IRS said Read the full article…