2012 Collective Dispensary State Laws 
The Blunt Truth
JULY 25, 2023
STATE OF PLAY The United States Trustee Program (“USTP”), as the bankruptcy system watchdog, has long taken the position that the system may not be used as in instrument in committing a crime, and that trustees and estate fiduciaries may not administer assets in violation of federal criminal law. [1] 3] In re Arenas , 535 B.R.
Cannabis Law Report
NOVEMBER 4, 2019
280E to cannabis dispensaries. The Court stated: “Our precedent is unambiguous. 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. 471 should be used by a cannabis dispensary to determine COGS.
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Cannabis Law Report
OCTOBER 24, 2019
Tax Court has issued a final decision under Tax Court Rule 155 on the income tax deficiency for Patients Mutual Assistance Collective Corporation (“PMACC”), the Company’s 100% owned subsidiary and owner of the iconic Harborside Oakland cannabis dispensary. million for the fiscal years 2007 through 2012.
Canna Law Blog
NOVEMBER 13, 2021
215 opened the door for a collective model (i.e., a “closed loop system”) for enterprising patients and caregivers to essentially commercialize medical cannabis through large scale grows and dispensaries (with no government oversight or regulation). At the same time, Prop. 64 and MAUCRSA. 64 and MAUCRSA. Enforcement.
Greenspoon Marder Cannabis Law Group Blog
NOVEMBER 4, 2019
It was business as usual for the ten member majority, but three dissenting judges of the United States Tax Court (“Tax Court”) broke new ground in Northern California Small Business Assistants Inc. , [1] finding section 280E of the Internal Revenue Code unconstitutional.
Cannabis Law Report
MAY 26, 2022
The perpetual myth that dispensaries are selling weed to minors refuses to die, but evidence shows this isn’t the case in California. Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. 2012, Calabria et al., MRR writes. Add to Mendeley.
Greenspoon Marder Cannabis Law Group Blog
JUNE 25, 2021
The regulations provide inventory accounting rules for resellers (Dispensaries) at section 1.471-9 and for producers under the “full absorption method” at section 1.471-11.[8] 11] The courts have also held that the paraphernalia and T-shirt component of a dispensary isnot a separate business and it is also subject to section 280E.
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