BREAKING NEWS: Police chase leads to armed standoff in Sweet Home Full Story
STREAMING NOW: Watch Now

Legal pot business owner sentenced for federal tax crimes

Matthew Price was sentenced in federal court in Portland on Monday to seven months in prison.

Posted: Sep. 17, 2018 2:33 PM
Updated: Sep. 17, 2018 6:20 PM

PORTLAND, Ore. (AP) -- A part-owner and operator of medical marijuana dispensaries in Oregon has been sentenced to seven months in prison, marking what a prosecutor called the county's first federal sentencing of a legal pot business owner for tax crimes.

The Oregonian/OregonLive reports Matthew Price was sentenced in federal court in Portland on Monday to seven months in prison and was ordered to pay $262,776 to the Internal Revenue Service.

Price pleaded guilty to four counts of willfully failing to file income tax returns in connection with Cannabliss stores.

Price admitted that he didn't file individual tax returns from 2011 through 2014 for income received from the operation of the dispensaries.

Price must turn himself in on Nov. 1.

Whether he'll be able to continue in his marijuana business until then, or after prison, will be decided at a hearing Friday.

Article Comments

Eugene
Broken Clouds
42° wxIcon
Hi: 54° Lo: 36°
Feels Like: 42°
Corvallis
Overcast
42° wxIcon
Hi: 55° Lo: 35°
Feels Like: 42°
Roseburg
Overcast
45° wxIcon
Hi: 55° Lo: 36°
Feels Like: 45°
North Bend
Clear
45° wxIcon
Hi: 53° Lo: 39°
Feels Like: 43°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events

 

 

 

Ask the Banker 

  Enter Contests