War on Drugs

Medical Marijuana Tax Deductions Invalid, Judge Rules

Piling on the embattled medical marijuana industry


 A once-thriving San Francisco pot shop forced to close this week is also on the hook for a serious IRS bill, following a new U.S. Tax Court decision that could complicate life for others in the medical marijuana business.

Call it a precedential bummer; or, perhaps, a rational application of tax law.