DENVER (AP) – Bongs and rolling paper a tax-deductible business expense? A Colorado congressman has introduced legislation allowing marijuana-related businesses to claim deductions. Congressman Jared Polis says medical marijuana dispensaries should be allowed thesame sort of federal tax deductions as other small businesses. Medical marijuana is legal in Colorado. But the IRS doesn’t allowpot-related deductions because weed still violates federal law.
Can’t we all just get a bong? Congressman in Colorado looks for tax deductions on “pot related items”
