Federal Government continues to violate their own money laundering laws….Medical Cannabis Payment Solutions Comments on IRS Fines for Cannabis Businesses

July 3, 2014
robomayor
Policy & Legal
0 Comments

Medical Cannabis Payment Solutions integrated banking and payment processing system for the medical cannabis industry protects legal marijuana businesses from the IRS’s 10 percent cash payment penalty.

Medical Cannabis Payment Solutions (OTC Bulletin Board, REFG), a leader in technological solutions for the medical cannabis industry, commented today on the recent tax court challenge to the Internal Revenue Service practice of assessing a 10 percent penalty on federal employee withholding taxes paid in cash.

“Medical cannabis businesses unable to access banking services are effectively forced into this situation,” said Sean Hullinger, chief legal officer for Medical Cannabis Payment Solutions. “Here we have a company that wants to pay their taxes and is being fined for things they cannot control.” [Read More…]

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected].

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