Politics & Government

August 3, 2012 12:00 AM

Tax deductions for medical pot biz go up in smoke, court rules

A once-thriving San Francisco pot shop forced to close this week is also on the hook for a serious IRS bill, following a new U.S. Tax Court decision that could complicate life for others in the medical marijuana business.

Related content

Comments

Videos

More Videos

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama 01:44

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama

White House is sending its best fighters to advise in Syria 02:36

White House is sending its best fighters to advise in Syria

Obama meets with world leaders in Saudi Arabia, will discuss counterterrorism 03:03

Obama meets with world leaders in Saudi Arabia, will discuss counterterrorism

Has a Black president changed America? 02:23

Has a Black president changed America?

'I still hear her screaming' 02:11

'I still hear her screaming'

Share Video

Politics & Government Videos