Cannabis Law Report
NOVEMBER 21, 2019
A California appellate court has cleared the way for a tax attorney named Henry Wykowski to pursue malicious prosecution claims against Frank Chimienti, the attorney for a cannabis dispensary, for his alleged involvement in a frivolous malpractice lawsuit. Chimienti was business counsel for the dispensary and owner.
Cannabis Law Report
JULY 29, 2022
We believe the case for this reform is very strong, as it would create tax fairness for legal cannabis businesses and significantly weaken the illicit market, which would result in stronger tax collections for the federal government over the long term.” million –. At issue were federal taxes owed of approximately $22.1
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Cannabis Law Report
MAY 26, 2022
The perpetual myth that dispensaries are selling weed to minors refuses to die, but evidence shows this isn’t the case in California. Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. 2007, Shults et al., MRR writes. Introduction. 2001, Voas et al.,
Cannabis Law Report
OCTOBER 24, 2019
Tax Court has issued a final decision under Tax Court Rule 155 on the income tax deficiency for Patients Mutual Assistance Collective Corporation (“PMACC”), the Company’s 100% owned subsidiary and owner of the iconic Harborside Oakland cannabis dispensary. million for the fiscal years 2007 through 2012.
Cannabis Law Report
MARCH 10, 2022
Some in the industry have estimated that the state has collected between $25 million and $30 million in gross receipts taxes from medical marijuana producers. New Mexico established its medical marijuana program in 2007 and growth in recent years has been significant, with more than 130,340 patients enrolled as of January.
Cannabis Law Report
DECEMBER 18, 2019
The Traditional Health Practitioners Act 22 of 2007, has legitimised the practice of indigenous health care system leading to a growing informal or semi-formal trade sector, in which a large number of medicinal plants are sold as crude, unprocessed plant material, including cannabis.
Cannabis Law Report
JANUARY 7, 2020
Also during those years, California allowed the collective or cooperative cultivation of marijuana for medicinal purposes. These laws led to the formation of the first marijuana dispensaries – which brings us to our next contestant. The IRS selected Taxpayer’s 2007, 2008, and 2009 income tax returns for audit.
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