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In Oregon, Cannabliss Owner Sentenced to 7 Months in Federal Prison for Tax Crimes | Cannabis Business Times

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In Oregon, Cannabliss Owner Sentenced to 7 Months in Federal Prison for Tax Crimes

Matthew Price, 32, pleaded guilty to four counts of willfully failing to file income tax returns.

Court

Matthew Price, part owner and operator of Portland and Eugene medical marijuana dispensaries called Cannabliss, was sentenced Monday to seven months in prison, marking what a prosecutor called the country's first federal sentencing of a legal marijuana business owner for tax crimes.

Price, 32, pleaded guilty to four counts of willfully failing to file income tax returns, a misdemeanor. He was ordered to pay $262,776 in restitution to the Internal Revenue Service for the tax loss.

Price must turn himself in on Nov. 1.

The court must address a unique question in the case: Can Price continue working in his marijuana business until his surrender or after he completes his prison term? A hearing is set Friday to decide.

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Top photo courtesy of Adobe Stock

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