Tax Deficiences

SAN FRANCISCO — The Ninth Circuit upheld a tax court’s decision against Harborside Health Center, one of the largest marijuana dispensaries in the U.S., on its petition for a redetermination of federal tax deficiencies, finding that a tax court properly ruled Harborside’s inventory cost is determined by a U.S. Treasury regulation that “applies to a purchaser and reseller of the products it sells.” 

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