“Rep. Earl Blumenauer (D-OR) will introduce the Small Business Tax Equity Act of 2013 on June 5, with the goal of ending the Internal Revenue Service’s persecution of medical cannabis dispensaries. The Small Business Tax Equity Act of 2013 will amend IRS Section 280E of the tax code to resolve a crisis in the newly legal billion-dollar industry, according to Betty Aldworth with the Washington D.C. lobby National Cannabis Industry Association. Marijuana is a federally illegal drug that 20 states have legalized for medical purposes. Two have legalized its use for adults over 21. But the IRS treats all marijuana-related businesses as ‘drug trafficking organizations’.”
http://blog.sfgate.com/smellthetruth/2013/05/29/marijuanas-taxation-problem-sparks-new-bill/
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