Canna Law Blog

DECEMBER 23, 2021

This includes promulgation of cannabis tax guidelines as well as webinars and public forums dedicated to tax compliance for marijuana businesses (together, the “Guidelines”). Indeed, federal courts have consistently upheld that income derived from state compliant as well as illegal marijuana business activities are subject to U.S.

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Compliance Compliance Business Cannabis 82

Cannabis Law Report

JULY 7, 2022

Specifically, the Sixth District found that, while the County is not compelled to return seized property if the property is illegal, the local ordinance at issue “ultimately regulates land use within the County; it does not (nor could it) render illegal a substance that is legal under state law.”.

State Laws 52

State Laws Compliance Compliance Cultivation 52

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. Long considered the heir apparent to former State Sen. Oasis is one of the few Vegas cannabis businesses located near the Strip.

Business 52

Business Dispensary Consumption Cannabis 52

Cannabis Law Report

JUNE 6, 2022

The issue here is a provision of the Tax Code that allows most businesses to calculate their taxable income by subtracting from their gross revenue the cost of goods sold and other ordinary and necessary business expenses, such as rent and employee salaries. Statement by Justice Thomas. In 2009, Congress enabled Washington D.

Cultivation 52

Cultivation State Laws Policy Business 52

NORML

APRIL 2, 2019

Current Office: Senator from Vermont 2018 NORML Congressional Scorecard Grade: A+ Sponsored Legislation: Ending Federal Marijuana Prohibition Act (2015-2016) Co-Sponsored Legislation: Marijuana Justice Act of 2017 (2017-2020), Marijuana Freedom and Opportunity Act (2017-2018). .” – 02/22/19. Bernie Sanders. Kamala Harris.

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Marijuana Legislation Policy Legalization 278

Connor & Connor PLLC

AUGUST 30, 2018

However, marijuana remains illegal under Federal law, and this creates an uncertain landscape for marijuana businesses in the preparation of their Federal income tax returns and in handling an IRS audit. In addition, marijuana businesses must be aware of cash handling issues. Memo 2015-206. See Canna Care, Inc.

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Business Marijuana Banking Collective 49

Cannabis Law Report

JUNE 16, 2019

Inside Business reports. There are number of uncertainties, but there’s a growing interest both from business and from consumers in these products,” said Anne Bibeau, partner at Vandeventer Black in Norfolk. And as a result, you see these businesses popping up all over the state, and they need legal guidance.”.

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Law Oil Business State Laws 55

Dykema (Cannabis Law Blog)

APRIL 20, 2023

Recreational use of cannabis in Texas remains restrictive, with law enforcement being inconsistent even between Texas cities. The medicinal use of cannabis in the Texas Compassionate Use Act (the “Act”, 2015), provides for the medical sale and use of cannabis for individuals with specific defined illnesses. Code § 169.001 et seq. [vi]

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Law Chronic Pain Conditions Medicine 74

Cannabis Chronicles

DECEMBER 26, 2018

Paulsen’s licensed marijuana business, Growstate, is in the hands of a court-appointed receiver after three early investors sought repayment of their initial $625,000 investment in 2014. Even if Paulsen can pay off his creditors, it’s unclear whether he’ll be able to retain his business.

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Legalization Marijuana Business Extraction 100

Cannabis Law Report

DECEMBER 19, 2019

The appointments were a key step for patients who have been allowed to use the drug since 2015 but had no legal way to buy, grow or transport it. State law allows marijuana oil to treat severe seizures, terminal cancers, Parkinson’s disease and other illnesses.

Programs 59

Programs Marijuana Oil Patients 59

Canna Law Blog

AUGUST 19, 2022

Admirably, to complete their transaction without creating a convoluted business structure of dubious regulatory legitimacy (which we see a good deal of ) the plaintiffs filed a lawsuit challenging the Maine Act’s residency requirements under the DCC. The DCC and state cannabis regulations. The Dormant Commerce Clause.

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Dispensary Cannabis Law State Laws 84

Cannabis Law Report

OCTOBER 27, 2019

Northern California Small Business Assistants Inc. P is a California corporation that operates a medical marijuana dispensary legally under California law. 280E, which disallows all deductions for a business that consists of trafficking in a controlled substance within the meaning of Schedule I or II of the Controlled Substances Act.

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State Laws Dispensary Business Policy 45

Cannabis Law Report

DECEMBER 12, 2019

Federal bankruptcy protection for business-debtors involved in the sale of cannabis products has not been forthcoming. Compliance with state laws is of little benefit when it comes to federal bankruptcy, banking, and tax codes. Usually this exclusion falls under §1129(a)(3) which bars any plan “forbidden by law.”

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Compliance Compliance Chronic Pain Banking 59

Canna Law Blog

NOVEMBER 17, 2021

This came after the state bar association sought to amend the rule to allow lawyers to assist clients in state-legal cannabis business. Georgia is a cannabis backwater, but it legalized the growth, manufacture, and sale of low-THC oil in 2015.). Other states, most recently New York, have taken a close look at 8.4(b)

Cannabis 75

Cannabis Banking Oil Treatment 75

Cannabis Law Report

DECEMBER 1, 2019

Despite legalization in the majority of states, however, federal law (i.e., the Controlled Substances Act of 1970) does not allow any trade or business in trafficking either medical or recreational marijuana. This conflict between federal and state law has raised concerns among CPAs providing services to the marijuana industry.

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Marijuana Business State Laws DEA 59

Canna Law Blog

NOVEMBER 13, 2021

215, I was recently interviewed on KCRW to give my take on how California (and specifically the City of Los Angeles) has done when it comes to legalizing and licensing cannabis businesses. So, in 2015, the Assembly passed the MMRSA (which it later renamed the MCRSA). So I give the state a little leeway there. 215: High taxes.

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Compliance Compliance Programs Collective 75

Medicinal Marijuana Association

FEBRUARY 11, 2019

You must submit a business plan with your license application. The business plan must specify a business location and the business must meet Health Canada’s security requirements. Your business plan should show cost per gram and how you’ll market the cannabis.

Marijuana 75

Marijuana Decriminalization Cultivation Patients 75

SpeedWeed

JULY 26, 2021

State law limits the number of medical marijuana producers to six. Those businesses are now permitted to sell medical marijuana oil, so long as it contains no more than five percent THC. . Georgia lawmakers first passed a bill legalizing medical marijuana in 2015, but the rollout has come at a glacial pace.

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Programs Oil Patients THC 52

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. Long considered the heir apparent to former State Sen. Oasis is one of the few Vegas cannabis businesses located near the Strip.

Decriminalization 52

Decriminalization Programs Dispensary Cannabis 52

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. Long considered the heir apparent to former State Sen. Oasis is one of the few Vegas cannabis businesses located near the Strip.

Policy 52

Policy Law Dispensary Consumption 52

SpeedWeed

MAY 14, 2021

As a sovereign nation not subject to state laws, the tribe’s decision to decriminalize cannabis possession of up to an ounce makes it the first area in North Carolina to remove marijuana possession penalties. . In 2015, the Cherokee Indian Hospital Authority invested in two new medical facilities to treat addiction.

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Decriminalization Hash Pharmaceutical Programs 52

Cannabis Law Report

MAY 24, 2022

was improper given the prohibition against spending federal funds to prosecute criminal defendants for marijuana-related offenses contained in the Rohrabacher-Farr Amendment (now known as the Joyce-Blumenauer Amendment), a congressional appropriations rider, which has been in place since 2015. 801 et seq.,

Compliance 52

Compliance Compliance Law Patients 52

Cannabis Law Report

NOVEMBER 13, 2019

The appointments were a key step for patients who have been allowed to use the drug since 2015 but had no legal way to buy, grow or transport it. State law allows marijuana oil to treat severe seizures, terminal cancers, Parkinson’s disease and other illnesses.

Programs 45

Programs Oil Patients Access 45

Canna Law Blog

MARCH 4, 2020

In recent years, the United States has seen a proliferation of ketamine clinics. From 2015 to 2018, the number of clinics increased from 60 to 300; that number is undoubtedly higher today. Failure to follow these very specific legal directives can lead to immediate criminal liability under federal law.

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Therapy Legalization Chronic Pain DEA 89

SpeedWeed

AUGUST 16, 2021

After years of regulatory limbo that allowed registered patients in Georgia to possess—but not purchase—low-THC cannabis oil, the state has established a regulated market and has licensed six businesses to produce and sell the oil. In 2015, Georgia legalized the possession of cannabis oil containing a maximum of 5% THC.

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Oil Dispensary Patients THC 52

Cannabis Law Report

NOVEMBER 4, 2019

PUBLISHER: CANNABIS LAW REPORT. The recent Tax Court decision in Northern California Small Business Assistants Inc. We are constrained by the law, and Congress has not carved out an exception in IRC Sec.280E 280E for businesses that operate lawfully under State law. AUTHOR: aBIZinaBOX Inc.

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Dispensary Packaging Collective Seed-To-Sale 45

Canna Law Blog

JANUARY 21, 2019

King was the chief spokesperson for nonviolent activism in the Civil Rights Movement, which successfully protested racial discrimination in federal and state law. laws of the 20 th century, the Civil Rights Act of 1964. Thus, marijuana arrests are increasing, even as more states legalize possession and sale of the plant.

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Marijuana Policy Law Programs 99

Connor & Connor PLLC

MARCH 9, 2018

In 2013, the Nevada Legislature authorized a state regulated commercial marijuana industry and since then it’s been a rapidly growing business. Let’s explore the top five things you must know about marijuana law in Nevada, and why it’s a good idea to have a knowledgeable lawyer in your corner. Constantly Evolving Laws.

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Law Marijuana Seed-To-Sale Business 51

Cannabis Law Report

OCTOBER 24, 2019

By challenging the IRS’s overly aggressive interpretation of the tax law as it applies to cannabis businesses operating legally under State law, we have succeeded in reducing Harborside’s liability from the $36 million originally sought by the IRS to approximately $11 million – a $25 million reduction.

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Dispensary Packaging Cannabis Retail 45

Cannabis Law Report

APRIL 23, 2019

Prior to getting involved in Tax Law, Dionne was a litigator for several years, representing Lenders, Banks and Servicers in Foreclosure actions. Kellier, PA and her practice consists of Tax Resolution, Tax Planning and Business Planning. Her practice consists of Tax Resolution, Tax Planning and Business Planning.

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Banking Marijuana Law Business 45

Cannabis Law Report

OCTOBER 20, 2019

PUBLISHER: CANNABIS LAW REPORT. sat on the Denver County Court bench 2000-2015. She is currently a law school professor teaching Marijuana and the Law at California Western School of Law and researcher under a contract with NHTSA and NORC on the topic of the prosecution of drugged driving cases. Kleignen, 2015.

Marijuana 45

Marijuana Pharmaceutical Chronic Pain Research and Development 45

Cannabis Law Report

FEBRUARY 19, 2022

Although medical cannabis program was signed into law last year, it has yet to be fully implemented. As far back as 2015, Georgia established a Low THC Oil Patient Registry , which allowed qualified patients to possess cannabis oil with a total THC content of not more than 5%. Medical cannabis is still illegal in Tennessee.

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Legalization Seed-To-Sale Programs Dispensary 97

Cannabis Law Report

MARCH 29, 2019

She was the lead staffer and drafter of the MCRSA at the California State Legislature in 2015. . As most people know, state law provides very generous authority to local jurisdictions regarding operational requirements and standards. But now that the regulations are finalized, what’s left for the CAC to do?

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Law Policy Programs Topical 45

Cannabis Law Report

MAY 1, 2019

PUBLISHER: CANNABIS LAW REPORT. The website Weedmaps bills itself as “a community where businesses and consumers can search and discover cannabis products, become educated on all things cannabis, review cannabis businesses and connect with other like-minded users,” but is more succinctly described as Yelp for pot. John McKay.

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Legalization Business Law Cannabis 45

Greenspoon Marder Cannabis Law Group Blog

JUNE 25, 2021

businesses establishing operations outside the United States, and inbound investment, that is, foreign investors establishing U.S. tax considerations can apply to the extent that (i) operations are conducted within the United States (whether such business entities are owned by U.S. This article will discuss the U.S.

Business 72

Business Cannabis Seed-To-Sale Law 72

Cannabis Law Report

JULY 22, 2019

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.

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Banking Safety Business Legislation 40

Canna Law Blog

MARCH 4, 2020

In recent years, the United States has seen a proliferation of ketamine clinics. From 2015 to 2018, the number of clinics increased from 60 to 300; that number is undoubtedly higher today. Failure to follow these very specific legal directives can lead to immediate criminal liability under federal law.

Legalization 52

Legalization Therapy Chronic Pain DEA 52