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Folium Biosciences Colorado: Stock hiking, cutting corners, sidestepping regulatory requirements & strong arm tactics

Cannabis Law Report

Colorado has long been regarded one of the the US’s better state markets for efficient compliance and good regulatory management by state and local authorities. Folium Biosciences is a Colorado headquartered company specializing in the cultivation, extraction, and manufacturing of hemp-derived bulk CBD ingredients and finished products.

Hemp 104
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Article – Hogan Lovells: Regulation of cannabis in Italy: Use in food and cosmetics

Cannabis Law Report

The Court of Justice of the European Union (order of the Court of 11 July 2008 – C-207/08, Babanov) stated that EU law precludes national legislation which has the effect of prohibiting the cultivation and possession of hemp grown for fibre covered by EU regulation. 1307/2013).

Food 40
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Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?

Cannabis Law Report

Also during those years, California allowed the collective or cooperative cultivation of marijuana for medicinal purposes. In order to operate a dispensary in compliance with California law, Taxpayer was organized and run as a not-for-profit. The IRS selected Taxpayer’s 2007, 2008, and 2009 income tax returns for audit.

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Further Consideration of the STATES Act

Cannabis Law Report

Subject to the express exceptions delineated in the STATES Act, “any person acting in compliance with State law relating to the manufacture, production, possession, distribution, dispensation, administration, or delivery of marihuana” would not be in violation of the CSA. 15, 2008 , 122 Stat. Emphasis added). 109–177, title VII , §§

Banking 45
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California: Which Set of Books?

Cannabis Law Report

The Sales Tax laws arms CDTFA with the power to impose personal liability on corporate officers and other “responsible persons” for failures to collect and pay-over Sales Tax [7]. are established to ensure continued compliance with all applicable rules and regulations. Taxable Year 2008 – California Conformity to Federal Law.