2015 Business Dispensary State Laws 
Cannabis Law Report
AUGUST 23, 2021
Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities. Controlled Substance.
The Blunt Truth
JULY 25, 2023
STATE OF PLAY The United States Trustee Program (“USTP”), as the bankruptcy system watchdog, has long taken the position that the system may not be used as in instrument in committing a crime, and that trustees and estate fiduciaries may not administer assets in violation of federal criminal law. [1] 3] In re Arenas , 535 B.R.
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Cannabis Law Report
JULY 25, 2021
The announcement is a long-awaited milestone for about 15,000 patients who have been authorized to use medical marijuana oil since 2015 but weren’t permitted to buy it. State law limits the number of medical marijuana producers to six. Each licensee will be authorized to open five dispensaries. It’s a blessing.
Cannabis Law Report
NOVEMBER 4, 2019
PUBLISHER: CANNABIS LAW REPORT. The recent Tax Court decision in Northern California Small Business Assistants Inc. 280E to cannabis dispensaries. The Court stated: “Our precedent is unambiguous. We are constrained by the law, and Congress has not carved out an exception in IRC Sec.280E
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.
SpeedWeed
MAY 3, 2021
But this time around, after years of setbacks and political meddling from the rival gaming industry, a bill at the Nevada State Legislature is on track to settle the score once and for all. And there’s a social equity part to it where we’re not restricting this just to licensed dispensary owners.”.
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. MRR writes. Introduction. 2012, Calabria et al., 2001, Voas et al.,
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