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Federal Legalization – Then What?

Cannabis Law Report

[Note: while we don’t believe that anyone in Congress has proposed it yet, the Federal government could legalize cannabis for medical use [and perhaps for recreational use] and preempt many of the state laws. See The Murky Part of the STATES Act: Tribal Rights ].

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Steve DeAngelo Writes Op-Ed For LA Times “How the U.S. tax code keeps the illegal market for marijuana alive and well”

Cannabis Law Report

UNITED STATES TAX COURT PATIENTS MUTUAL ASSISTANCE COLLECTIVE CORPORATION d.b.a. It’s fueling the underground market for weed and reducing the tax revenues the federal government should collect. The Morning After: Remaining Methods for Determining Cost of Goods Sold Following Harborside. Harborside Beats Penalties.

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Brentwood: City to charge for each illegal cannabis plant to try and combat grow houses

Cannabis Law Report

Nearby in Antioch where several legal dispensaries operate, the city does not have such regulations on its books for marijuana cultivation in personal residences. Brentwood has regulated marijuana cultivation inside homes since 2017, when it incorporated state law into its municipal code, she said.

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Common Tax Litigation Situations Marijuana Businesses May Encounter

Connor & Connor PLLC

Department of Treasury that collects and analyzes information about financial transactions in order to combat money laundering and other financial crimes. If you have been audited or are facing collections, we are also in a position to help you navigate that process. We’ll help you ensure that you are meeting your obligations.

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International and Cross-Border Tax Issues in the Cannabis Industry

Greenspoon Marder Cannabis Law Group Blog

The courts have consistently held that marijuana dispensaries operating in compliance with state law are trafficking in controlled substances and are subject to Section 280E.[11] The Tax Court in Patients Mutual [15] Assistance Collective Coop. 2) Dividends paid by the U.S. 5% withholding tax. (3) 3) A sale of shares of the U.S.

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ABA (American Bankers Assoc) & CUNA (Credit Union National Association) Team Up On Cannabis

Cannabis Law Report

In a joint op-ed in Fox Business today, American Bankers Association President and CEO Rob Nichols and Credit Union National Association President and CEO Jim Nussle called on lawmakers to resolve the existing conflict between federal and state law with respect to proceeds from cannabis-related businesses.

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Growing Pains with Medical Marijuana Taxation – Cannabis Industry News Alert

Cannabis Law Report

More and more states across the South are adopting medical marijuana regimes. One such pain for marijuana businesses is the tension between following state laws on a product that is still illegal at the federal level. Assistance Collective Corp. With this growth comes growing pains. Patients Mut.