BREAKING: Catalyst sues Trulieve over tax dispute

Catalyst Cannabis, one of California's largest retail chains, sued Florida-based Trulieve, alleging the leading MSO "stole" a $305,000 federal tax refund to which Catalyst was entitled. The suit revolves around Trulieve's undisclosed interpretation of industry-hated tax rule 280E, which it used to successfully claim a $113M refund last year.

The suit, filed in California court, alleges promissory fraud, intentional misrepresentation, breach of contract and other charges.  

Trulieve did not respond to a request for comment.