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Massachusetts: cannabis bill sails through committee

Cannabis Law Report

Lawmakers passed up their opportunities to act before voters approved decriminalization in 2008, medical marijuana in 2012 and adult legalization in 2016, but then delayed and rewrote significant portions of the 2016 ballot law legalizing marijuana. Sonia Chang-Diaz, co-chair of the Joint Committee on Cannabis Policy, said.

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Greenway โ€“ Article: Income Taxes and the Cannabis Business: The Impact of ยง280E

Cannabis Law Report

1981-623) that had allowed deductions incurred in carrying on the production, distribution, and sale of controlled substances. The production or sale of marijuana is still illegal under U.S. 19 (2012), as well as Chief Counsel Advice (CCA) 201504011, in which the IRS provided guidance as to how a taxpayer subject to Sec.

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Article โ€“ Reed Smith: UK: Cannabis In The UK โ€“ A Regulatory Environment In Transition?

Cannabis Law Report

19 August 2019. Authors – Carolyn E. Pepper and Jess Parry. Recently, three British MPs went to Canada on a fact-finding cross-party trip to consider the effects of a more relaxed regulatory environment in respect of cannabis. What substances are at issue? Cannabinoids are the chemical substances found in cannabis.

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Article: Legality Of Marijuana In Nigeria: A Legal Opinion By Kayode Ajulo PhD

Cannabis Law Report

This legal opinion considers the mischief behind the laws proscribing the production, possession, sale and use of Marijuana and thereafter considers the benefits of legalizing Marijuana in Nigeria. Some people cook food with it, some boil it to drink as tea, while others just chew the plant and seeds. Introduction.

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Taxation Of A Medical Marijuana Business โ€“ How Will The Ninth Circuit Hold?

Cannabis Law Report

Under Federal law, cannabis is a โ€œSchedule Iโ€ controlled substance; thus, the manufacture, distribution, dispensation, or possession of marijuana โ€“ even medical marijuana recommended by a physician โ€“ is prohibited as a matter of Federal law. [ix]. Deductions. COGS is the costs of acquiring inventory, through either purchase or production.

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Minorities in cannabis, with Steven Philpott Jr.

The Cannigma

Listen & Subscribe: In light of Black History Month, we feel it is important and relevant to talk about how minorities in the United States and around the world have been disproportionately affected by drug policy and the war on drugs. Tuning in, youโ€™ll hear more about what these trichomes are and why theyโ€™re important. CP: Itโ€™s a celebration.

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International and Cross-Border Tax Issues in the Cannabis Industry

Greenspoon Marder Cannabis Law Group Blog

Because of the interest in the North American market, we can expect continued interest in the United States which should lead to further inbound investment. Additionally, the growing experience of U.S. cannabis entrepreneurs along with the desire for investment on the part of U.S. This article will discuss the U.S. Incomeโ€ tax.[5]