GreenGrowth CPAs

GreenGrowth CPAs


New Tax Court Ruling Could Impact All Cannabis Dispensaries

May 15, 2020

On May 4th, the US tax court made a ruling on Richmond Patients Group v. Commissioner which will impact cannabis dispensaries and how they file their taxes. In short, Richmond Patients Group (which is a California dispensary) ended up with $2MM in additional taxes and penalties due to improper calculations of their CoGS on their 2014/2015 tax […]