Justices Won't Hear Pot Cos.' Challenge To IRS Summonses
Law360 (June 21, 2021, 1:09 PM EDT) -- The U.S. Supreme Court declined on Monday to review a challenge from a group of marijuana companies to IRS summonses seeking information from Colorado on their business activities, which lower courts found the agency had the authority to pursue.
The U.S. Supreme Court chose not to review cannabis businesses' argument that the IRS cannot determine whether their sales are prohibited by the Controlled Substances Act. (AP Photo/Jose Luis Magana)
The justices chose not to review a challenge from Eric Speidell, who owns Green Solution LLC and other cannabis companies, letting stand a Tenth Circuit decision finding that the agency has the...
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