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Bank Regs Led To Tax Woes For Weed Dispensary, Court Told

By Brian Mahoney (June 20, 2014, 4:29 PM EDT) -- Federal banking regulations forbidding licensed marijuana businesses from holding bank accounts have prevented the Colorado dispensary Allgreens LLC from paying its taxes electronically, and now it's asking the U.S. Tax Court to cancel penalties for its nonelectronic payments, according to its Friday court filing....

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