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Greenway – Article: Income Taxes and the Cannabis Business: The Impact of §280E

Cannabis Law Report

There will be different rules for different types of companies: Dispensaries: Dispensaries can deduct the net expense of the cannabis products they buy for resale, plus the cost of transportation, repackaging (labeling or making pre-rolled joints, etc.)

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Illinois Announces Upcoming Cannabis Dispensary License Lotteries

SpeedWeed

The lotteries, scheduled to be held in July and August, will determine who receives licenses for 185 adult-use cannabis dispensaries across the state. . The third lottery, to be held on August 19, will be held among top-scoring, tied applicants for the original 75 dispensary licenses authorized by the CRTA, which were delayed by legal action.

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Navigating Ohio’s Medical Marijuana Dispensaries: A Comprehensive Guide for Patients

MMJ Recs

In Ohio, accessing medical marijuana involves more than just obtaining a prescription; it requires navigating a complex landscape of dispensaries, regulations, and patient expectations. Dispensaries prioritize patient education, providing information on various strains, consumption methods, and dosage recommendations.

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The Application Process for New York Cannabis Dispensary Licenses

Cannabis Law Report

The New York Cannabis Control Board (CCB) has issued proposed regulations on Conditional Adult-Use Retail Dispensaries. These conditional cannabis dispensary licenses would be in effect for four years. These regulations will soon be available for public comment on cannabis.ny.gov. is a passive investor. Eligibility.

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California: CCT and CET Collection Mechanics: “CDTFA failed abysmally to inform and educate the entire group – cultivators, distributors, and manufacturers, regarding the record-keeping responsibilities relating to CCT.”

Cannabis Law Report

We have discussed in other Posts our concerns about inadequacies in the information the California Department of Tax and Fee Administration [“CDTFA”] has distributed relating to the Cannabis Excise Tax [“CET”] and Cannabis Cultivation Tax [“CCT”] as well as inadequacies in the tax return CDTFA adopted [1]. CCT is collected from cultivators.

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Judge Allows Out-of-State Businesses to Operate Medical Cannabis Dispensaries in Maine

SpeedWeed

On July 21, 2021, NFL superstar wide receiver Julio Jones was named as the lead defendant in a 12-count civil fraud, conversion of assets, breach of contract, and breach of fiduciary duty lawsuit filed in Los Angeles Superior Court relating to a cannabis cultivation operation he co-owns. They both admitted as much in court documents. . &

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Curaleaf to Acquire Colorado-Based Los Sueños

SpeedWeed

a leading international provider of consumer products in cannabis, signed definitive documents to acquire the Los Sueños Farms and its related entities, the largest outdoor grow in Colorado. Ultimately, our goal is to cultivate cannabis at less than $100 per pound, and this acquisition is a significant step in the right direction."