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Tax Court’s decision in Harborside A Big Challenge For CA Cannabis Dispensaries

Cannabis Law Report

million for the fiscal years 2007 through 2012. “This ruling is also an important one for the cannabis industry in that, through this litigation, the court recognized there are legitimate deductions that legal cannabis companies can take in cost of goods sold. The issues at stake are of importance to the entire cannabis industry.”

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A Founder Looks at 50: Willie Nelson — America’s Favorite Marijuana Smoker

NORML

For NORML’s 50th anniversary, every Friday we will be posting a blog from NORML’s Founder Keith Stroup as he reflects back on a lifetime as America’s foremost marijuana smoker and legalization advocate. This is the eighth in a series of blogs on the history of NORML and the legalization movement. Willie Nelson.

Marijuana 283
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Section 280E and The Taxation of Cannabis Businesses

Cannabis Law Report

This revenue growth has been driven by an increasing number of states opting to legalize marijuana. But despite this trend towards legalization at the state level, marijuana remains illegal under federal law—it is classified as a Schedule I controlled substance under the Comprehensive Drug Abuse Prevention and Control Act of 1970, 21 U.S.C.

Business 105
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Perfecting cannabis with Michael Backes

The Cannigma

Their beautiful packaging and marketing will put a link in the show notes. CP: See when it was packaged. They bought it from your dispensary in Eagle Rock in 2007, and it’s still in their nightstand. I guess it’s interesting, because it’s not on the package insert of these products. CP: There you go.

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Major Cannabis Tremors

Cannabis Law Report

was the entry of the DECISIONS in United States Tax Court cases involving Harborside’s federal income tax liabilities for the years 2007-2012. We know little about cultivation, testing, packaging, etc. The event that occurred in Washington, D.C. Harborside has put a brave face on its loss Tax Court loss.

Events 45
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CDC study finds teen pot treatment admissions plummeted

SpeedWeed

Pete Ricketts alleged: “If you legalize marijuana, you’re going to kill your kids.”. The CDC report found “a precipitous national decline in adolescent treatment admissions, particularly in states legalizing recreational marijuana use,” states study author Jeremy Mennis, Ph.D. “7 Legalization critics not buying it.

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New Mexico poised to become the next legal cannabis state

SpeedWeed

New Mexico is joining a wave of states that are legalizing recreational marijuana as its Democrat-dominated Legislature sent a package of cannabis bills Wednesday to a supportive governor. . Michelle Lujan Grisham would begin legal recreational cannabis sales by April 2022. New York becomes 17th state to legalize marijuana.