IRS: Oakland's Largest Pot Dispensary Owes Millions

Category: News | Posted on Tue, October, 4th 2011 by THCFinder

The federal government continues to try and find ways to shut down legally operating dispensaries. One of the dispensaries that has been targetted recently was Oaklands Harborside who the IRS says owes over $2 million dollars in back taxes from 2007 and 2008. The claim is that the dispensary cannot deduct common deductions such as payroll , rent and more. We can only hope that Harboside prevails in this battle and sets precedent for the rest of the dispenaries in the industry.

Oakland’s Harborside Health Center — the largest medical marijuana dispensary on the West Coast — lost the first round in a high-stakes battle with the Internal Revenue Service that could spell trouble for the booming pot industry.
In a letter to Harborside late last week, the IRS ruled that the dispensary cannot deduct standard business expenses such as payroll and rent, because it is involved in what the agency terms "the trafficking of controlled substances," said Luigi Zamarra, Harborside’s chief financial officer. 
“We can't live with the conclusions that the IRS has come to and neither can the industry,” Zamarra said in an interview Monday. If the IRS ultimately prevails, “we would close our doors and go away because the business model wouldn’t work,” he said.


CU Accounts Seized in Medical Marijuana Money Probe

Category: News | Posted on Mon, October, 3rd 2011 by THCFinder
U.S. Treasury officials seized accounts belonging to two medical marijuana dispensaries as part of an investigation into possible money laundering, according to media reports.
Local media outlets are reporting that the accounts belonged to the One Love Wellness Center in Sacramento, Calif., and the Mary Jane's Wellness dispensary in Gold River, Calif.
The CU which kept the deposits was reported to be the 151,000-member, $1.8 billion SAFE Credit Union, headquartered in North Highlands, Calif. The credit union has not yet returned calls for comment about the report.
According to media accounts, the Internal Revenue Service seized the accounts after the CU allegedly alerted government officials that it suspected the dispensaries of having made deposits in way that was meant to conceal them from federal suspicious reporting requirements.
The controversy arises about a year after the legalization of medical marijuana dispensaries in some states threw pushed the question of whether or not to accept their deposits into the laps of some credit unions. 
Several other credit unions in California and Colorado declined to accept the deposits, citing their unclear legal status.
According to media reports, no criminal charges have been filed in the case.


ATF Tells Gun Dealers They Can't Sell to Medical Marijuana Patients

Category: News | Posted on Fri, September, 30th 2011 by THCFinder
There is absolutely no reason that the ATF should be trying to ban medical marijuana patients from having firearms. You can take morphine, vicodin, tylenol, alcohol but if you smoke marijuana you SHOULD NOT BE ABLE TO OWN A FIREARM... what kind of nonsense is this crap?
Last time I checked my medical history and anything related is private and is no one elses business!
While some citizens may have won the right to use medical marijuana, winning one right may come at the expense of another. 
In a letter to firearms dealers across the country, federal authorities are being clear that firearms should not be sold to medical marijuana users.
The Alcohol, Tobacco, and Firearms agency (ATF) is sending a letter to gun dealers warning them it is illegal to sell the weapons to people who admit smoking medical marijuana and have a medical marijuana card -- something the card holders are unimpressed about.
"I'm a medical marijuana patient and I own a gun," says Arizona resident Sunny Singh, who fears his right to carry a firearm will be affected.
"A lot of these people who really need medical marijuana as a medicine shouldn't be targeted or have their rights taken away."
Even though voters made medical marijuana legal in Arizona at the end of last year, the federal government says the drug is still illegal.
Federal laws say dealers cannot sell guns to people who use illegal drugs or are addicted to drugs.
But the law doesn't specify whether or not gun dealers are required to ask customers if they have a medical marijuana card. There is confusion about the consequences if a card holder buys a gun and simply does not tell the dealer.
"Clarification would be nice, let people know what the rules are so they can understand if they're doing the right or wrong thing," Singh says.


Marijuana penalties too harsh

Category: News | Posted on Thu, September, 29th 2011 by THCFinder

For some reason we are going backwards with the fight on marijuana when it comes to Canadas idea of punishment for simple posession. 

Within the next several weeks, Stephen Harper and the Conservatives will very likely pass their omnibus crime bill. Within this bill, is the Organized Drug Crime Act (formerly Bill S-10).
Among other items, the bill states that if you are caught with six or more marijuana plants, there is a mandatory, minimum six-month prison sentence. The maximum sentence will increase from nine months to 14 years with the passing of this bill. Now let's think about that for a minute, and look at the facts:
Marijuana is one of the safest drugs available today. It is not possible to consume a lethal amount of marijuana.
Alcohol is more addictive, more toxic to the brain and liver, and more closely associated with violence (domestic abuse, sexual assault, homicide, suicide).
Acetaldehyde, the major byproduct of alcohol metabolism, is toxic and carcinogenic. Thirty-five thousand Americans die yearly as a direct result of alcohol use. Cigarettes kill 1,200 Americans every day, and 5.4 million a year worldwide. (Ethan Nadelmann, JD, PhD).
There has never been a death directly associated with marijuana. Marijuana has many medicinal uses. Patients with multiple sclerosis, gliomas, brain injury, Tourettes Syndrome, HIV/AIDS, and many other ailments, have found that marijuana helped them with their symptoms, or slowed the progression of the disease. There is also strong evidence that marijuana kills cancer cells with no harm to healthy surrounding cells (See "Can Cannibus cure Cancer" on DVD).
So, why are we enforcing such harsh penalties for growing a plant that has so many medicinal uses, and so little (if any) side effects?
I'm stumped.


Cops use drug forfeiture money to pay for prostitutes, marijuana and alcohol

Category: News | Posted on Wed, September, 28th 2011 by THCFinder

Cops getting down and dirty as usually showing their true corrupt side after getting busted for stealing money, paying for drugs, alcohol and even prostitutes while on the job.

Detroit— The former Romulus police chief, his wife and five Romulus officers were charged today with running a scheme in which drug forfeiture money was used to pay for prostitutes, marijuana and alcohol.
The charges are the culmination of a nearly three-year investigation by Michigan State Police into what Wayne County Prosecutor Kym Worthy called "a culture of corruption and greed at its core."
Former police chief Michael St. Andre, 50, faces 10 charges, including conducting a criminal enterprise and acquiring or maintaining a criminal enterprise. He faces up to 20 years in prison if convicted on the most serious charges.
His wife, Sandra Vlaz-St. Andre, 50, also faces up to 20 years for her alleged role. She was charged with acquiring or maintaining a criminal enterprise and a charge of conspiracy criminal enterprise.
Detective Sgt. Richard Balzer, 50, and detectives Richard Landry, 39, and Donald Hopkins, 38, face felony racketeering charges that carry up to 20 years in prison. Detectives Jeremy Channells, 35, and Larry Droege, 32, face charges of misconduct in office that carry up to five years in prison.
All seven defendants were arraigned Tuesday afternoon in 34th District Court in Romulus before Judge Brian Oakley and waived the formal reading of charges. None spoke during the hearing.
Michael Rataj, an attorney for Balzer, said after the hearing, "I can't speak for the others, but on behalf of my clent, he's very confident he'll be cleared."


ATF: Illegal to sell guns to med marijuana users

Category: News | Posted on Wed, September, 28th 2011 by THCFinder
Talk about a complete Joke and ripping apart our constitution! Since when do medical patients no deserve the same rights as everyone else? Shit you can buy a guy and go drink all night long, but if you have cancer and need medical marijuana now you shouldn't be allowed to buy a gun? What kind of nonsense is this? What idiot thinks up these things, they need to be fired!
(AP)  HELENA, Mont. — Federal authorities say firearms dealers in states where medical marijuana is legal can't sell guns or ammunition to registered users of the drug.
Licensed gun dealers already can't sell guns to buyers who answer "yes" when a required form asks them if they are "an unlawful user of, or addicted to," marijuana or other controlled substances.
A Sept. 21 letter from the Bureau of Alcohol, Tobacco, Firearms and Explosives also says dealers can't sell a gun or ammunition if they have "reasonable cause to believe" the buyer is using controlled substances, even if the state allows it.
U.S. attorney's spokeswoman Jessica Fehr says the memo reiterates existing policy.
Gary Marbut of the Montana Shooting Sports Association says the policy denies constitutionally protected gun rights to individuals who are following state law.



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