Cannabis Law Report
NOVEMBER 19, 2021
New Mexico first approved the drug’s medical use in 2007, while Picuris Pueblo decriminalized medical pot for members in 2015. A new state law in June broadly legalized marijuana for adults and authorized up to a dozen home-grown plants per household for personal use — with no weight limit.
The Cannigma
MARCH 25, 2021
At the state level the problems are more generally bureaucratic inertia,” Eric E. Executive Director of the Criminal Justice Policy Foundation told The Cannigma during a Zoom call this week. “A Sterling, of the Criminal Justice Policy Foundation, said. (Rebekah Zemansky/Shutterstock). “At Sterling, J.D.,
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Cannabis Law Report
OCTOBER 22, 2019
The article goes onto say that the IRS is still forming the policy on how to audit cannabis companies saying, “the IRS now considers unlicensed companies that work with plant-touching businesses as subject to 280E if they profited from marijuana sales – including the likes of management companies, landlords, leasing firms, etc.,
Cannabis Law Report
OCTOBER 24, 2019
million for the fiscal years 2007 through 2012. The reduction includes $6 million in penalties that the court previously ruled we did not need to pay because of the unclear state of the law, and because Harborside acted in good faith,” said Harborside CEO Andrew Berman.
Cannabis Law Report
AUGUST 23, 2021
Section 280E denies deductions and credits for amounts paid or incurred in carrying on the trade or business of trafficking controlled substances (within the meaning of Schedules I and II of the CSA), in violation of federal or state law. [13] 2007) (“CHAMP”). 173, 182 (2007). [16] United States , 366 U.S.
Cannabis Law Report
MAY 26, 2022
Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. One of the most successful alcohol control policies in the United States was the establishment of the minimum legal drinking age of 21 (MLDA-21). 2007, Shults et al., 1988, Jones et al.,
Greenspoon Marder Cannabis Law Group Blog
JUNE 25, 2021
The courts have consistently held that marijuana dispensaries operating in compliance with state law are trafficking in controlled substances and are subject to Section 280E.[11] 173,178 (2007) (government concession that section 280Edoes not prohibit a taxpayer from claiming COGS). [8] 173, 182 (2007). [11] 97-494 (Vol.
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