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Press Release: “StateHouse Holdings Inc., Formerly Harborside Inc., Announces Agreement with IRS to Resolve and Reduce Legacy 280E Federal Tax Obligations Related to Harborside

Cannabis Law Report

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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Christina Lake Cannabis Conducts Management Changes

Cannabis Law Report

Dumaresq has been active in Christina Lake Cannabis since the outset and will manage the Company through its planned public listing, pending Health Canada licensing, and planned cultivation and processing phases. In 2007, Mr. Playford spearheaded the sale of LionOre Mining to Norislk Nickel for C$6.8 billion in cash.

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Mondaq Article: South Africa: Cannabis: balancing Competing Interests

Cannabis Law Report

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. Conclusion.

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New Commission Formed in the United Kingdom Plans to Publish Recommendations on How the UK Can Become a Global Leader in Cannabinoid Innovation

Cannabis Law Report

With five guiding objectives, the commission will reportedly consider the UK’s cannabis industry’s entire supply chain from cultivation, research and development to product development and manufacturing and sales. His PhD was on European Consumer Product Regulation (King’s College, London, 2003).

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Flora Growth Signs Agreement with Artos Ltd. to Send High-THC Cannabis Flower to Israel

Cannabis Law Report

(NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, announced today that the Company has signed an agreement with Artos Ltd. Artos”) to sell approximately 3,600 kg of dried high-THC cannabis flower to Israel from its Cosechemos cultivation facility.

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Women Paved the Way for Mexico’s Cannabis Legalization Movement, and Here’s How They Did It

SpeedWeed

In November 2007, Elsa Conde, the Chamber of Deputies legislator, introduced the first federal bill to regulate medicinal cannabis. The bill sought to defend cannabis consumers from criminalization, replacing prison sentences with educational programs and legalizing home cultivation for qualified individuals.

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Common Tax Litigation Situations Marijuana Businesses May Encounter

Connor & Connor PLLC

173 (2007)(“ CHAMP ”) , the government acknowledged that Section 280E does not prohibit a taxpayer from claiming costs of goods sold (COGS). In that case, the IRS audited a Colorado business licensed for the cultivation and sale of medical marijuana. See Canna Care, Inc. Commissioner , T.C. Memo 2015-206. Commissioner , 128 T.C.