IRS Just Says No to Medical Marijuana Deductions

October 6th, 2011 by admin Leave a reply »

OAKLAND, CA - JULY 22:  The leaf of a marijuan...

Image by Getty Images via @daylife

Our culture is fascinated with marijuana. We speak in hushed tones about cocaine and other “hard” drugs but we’re pretty outspoken about marijuana. It’s even become a question bandied about during presidential campaigns with former President Bill Clinton famously saying that he “didn’t inhale and never tried inhaling again” prompting one MTV viewer to ask during a 2000 town hall style meeting, “If you had it to do over again, would you inhale?” (For the record, the answer was: “Sure, if I could, I tried before.”)

Perhaps part of the fascination is that the drug is widely available – and routinely used – even though it’s not legal. Well, sort of not legal.

As of this writing, sixteen states and D.C. have legalized marijuana for

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