http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/10/05/BAC51LDGO6.DTL&tsp=1
This is apparently how the feds have decided to deal with a large dispensary. Typically business' do not have their expenses taxed, and are able to deduct them from their earnings before paying taxes. Not the case for dispensaries according to the federal Gov.
This is apparently how the feds have decided to deal with a large dispensary. Typically business' do not have their expenses taxed, and are able to deduct them from their earnings before paying taxes. Not the case for dispensaries according to the federal Gov.