SUTIMCo International Inc (SUTI)

[dukeb]

KAM: On top of everything else, IRS regulations prohibit dispensaries from deducting expenses other than direct cost of goods sold (eg: what they pay for product).

Rent: Can't deduct
Salaries: Can't deduct
Utilities: Can't deduct
Insurance: Can't deduct
Company cars: Can't deduct

Dispensaries that were in business during 2014 got a nasty tax bill this year when they realized that the federal taxes were more than the profits!

SUTI paid who-knows-what for an operation that almost certainly will need ongoing cash infusions to stay in business.

DUMB DUMB DUMB!