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Accounting Issues in the Cannabis Industry

DENVER — Money was pouring into Bruce Nassau’s five Colorado Legalized marijuana shops when his accountant called with the bad news: The 2014 tax season was approaching, and Mr. Nassau could not rely on the galaxy of deductions that other businesses use to reduce their tax bills. He was going to owe the Internal Revenue Service a 
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Misguided cops turn the war on weed into a war on growing things, they continue cracking down on marijuana grow operations, especially in heavily armed, unannounced raids, maybe they should consider hiring a botanist or two. Earlier this month, Dwayne Perry of Cartersville, Georgia, was startled out of his bed by a low-flying helicopter. Moments later, WSB-TV reports, 
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Before I get to my business intel, you should know that the personal tax world was roiling late last week over some fraud detected from within TurboTax. Here is the story: http://www.forbes.com/sites/kellyphillipserb/2015/02/06/turbotax-temporarily-halts-e-filing-in-all-states-amid-fraud-concerns/ Essentially, the makers of the software detected a level of fraud occurring in state tax return submissions that made them decide to completely shut down submission of 
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