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IRS Launches Cannabis Industry-Focused Compliance Initiative

Cannabis Law Report

Traffickers and would-be traffickers be warned, however, that if you do choose to make income from trafficking in Schedule I or II controlled substances (including cannabis, cocaine, or psychedelic mushrooms), that income is fully taxable by the U.S. Giving taxpayers access to information on how to properly comply with filing requirements.

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Cannabis Companies Need Security

Otherside Farms

With the legalization of cannabis in many parts of the world, cannabis dispensaries are becoming increasingly common. These dispensaries provide a variety of cannabis products to consumers, ranging from dried flowers to edibles and oils. In addition to these risks, there is also the threat of regulatory compliance violations.

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Waitr Enters into Letter of Intent to Acquire a Dispensary Compliance POS Company

Cannabis Law Report

dba Cova (“Cova”), a leading point of sale (“POS”), inventory and compliance software business serving cannabis dispensary retailers in North America. “We Cova is an award-winning dispensary POS, inventory management and compliance platform designed to streamline cannabis retail. billion, based on recent performance.”

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IDFPR extends cannabis curbside pickup for third time

Illinois News Joint

The Illinois Department of Financial & Professional Regulation (IDFPR) today announced it again has extended curbside pickup for cannabis medical patients. Medical Cannabis Dispensaries are permitted to modify their policies and procedures regarding dispensing to accommodate this Variance.”

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IDFPR again extends cannabis curbside pickup

Illinois News Joint

After the Illinois Department of Financial & Professional Regulation (IDFPR) announced it was changing its legalities on cannabis curbside pickup for medical patients after the New Year, IDFPR then extended the variance that permitted curbside pickup through January. For more Illinois cannabis industry news, visit here.

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The Valens Company Achieves Access to GMP Manufacturing in Australia & Expands International Footprint to Asia-Pacific through Exclusive Partnership with Epsilon Healthcare

Cannabis Law Report

Key Transaction Details: The Valens Company, a leading Canadian manufacturer of cannabis products, has entered into a long-term partnership with Epsilon, for exclusive access to the Epsilon’s GMP Manufacturing Facility in Southport , Queensland Australia (the “ Southport Facility ‘).

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Illinois Senate creates cannabis omnibus

Illinois News Joint

With Illinois’ 103rd General Assembly session adjourning Friday, May 19, lawmakers are making their final push for legislation, including a cannabis omnibus. If the omnibus is agreed upon and is attached to a different Senate bill for passage, all cannabis related amendments in the omnibus would pass.

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