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Enforcement or Compliance

Canna Law Blog

This is all very bad and we collectively need to figure out how to get people to comply with state law rather than penalizing everything. The issue of enforcement or compliance is probably the biggest one most states face at the policy level. compliance tradeoff. The compliance approach. Yet, the illicit market is huge.

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Newly Published Paper: Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act

Cannabis Law Report

Ohio State Legal Studies Research Paper No. According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Ohio State Legal Studies Research Paper No. Cat Packer.

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IRS Launches Cannabis Industry-Focused Compliance Initiative

Cannabis Law Report

And, if you have employees helping you produce and sell federal Schedule I or II controlled substances (as many state-legal cannabis businesses do), you owe federal employment taxes as well. Collaborating with external stakeholders to increase an awareness of tax responsibilities to improve compliance.

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Paper: “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”

Cannabis Law Report

CRCC’s paper, published by the Ohio State University (OSU) Moritz College of Law, is titled “Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act.”. Ohio State Legal Studies Research Paper No. But unfortunately, SAFE, as written, is unlikely to result in equitable access to financial services.

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UCANN Drops Patent Lawsuit Against Pure Hemp Collective

SpeedWeed

Maureen West, Chief Compliance Officer for Functional Remedies LLC. Launched in November 2019, Hemp Grower’s mission is to support licensed hemp cultivators in the newly legal U.S. The post UCANN Drops Patent Lawsuit Against Pure Hemp Collective appeared first on SpeedWeed. Louis Vega, Founder and CEO of ¡WEPA!

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California Governor Proposes a Cannabis Tax Reduction in an Effort to Shore Up the Legal Market

Cannabis Law Report

The 15% excise tax on cannabis sales would remain, and the collection and remittance of that tax would be limited to retail sales beginning January 1, 2023. Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. per ounce of flower, $3.00

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Washington State Eliminates Medical Cannabis Taxation

Canna Law Blog

Washington state then provided a regulatory framework for how the legalization of recreational cannabis production, processing, and retail sales would be regulated under what would become the Washington State Liquor and Cannabis Board (“LCB”).