420 with CNW – Appeals Court Rejects California Marijuana Firms’ Tax Dispute Due to Mailing Mix-Up

June 23, 2020 03:25:42

Two California-based marijuana companies had their petition thrown out of appeals court after it was delivered to court a day late by an unapproved delivery service. Organic Cannabis Foundation and Northern California Small Business Assistants (“NCSB”) were challenging a nearly $2 million combined tax bill at the U.S. 9th Circuit Court of Appeals based in San Francisco. However, in a ruling, the judge said this should be a lesson to lawyers representing cannabis companies; the petition was thrown out for arriving at court a day late.

For years, the two firms had been trying to appeal a ruling by the IRS stating that they are subject to Section 280E which doesn’t allow tax deductions related to marijuana because it is still federally…


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