article thumbnail

Northeaster University study published by the Massachusetts Cannabis Business Association – Massachusetts municipalities have collected more than $53 million in cannabis “impact” fees

Cannabis Law Report

Massachusetts municipalities have collected more than $53 million in “impact” fees from cannabis companies since the launch of adult-use sales in 2018, according to a Northeaster University study published by the Massachusetts Cannabis Business Association outlined in a Boston Globe report. Read More at .

article thumbnail

Oklahoma Medical Marijuana Authority Sued for Violating State Law

SpeedWeed

A recent lawsuit filed against the Oklahoma Medical Marijuana Authority (OMMA) claims that the organization did not make its meeting agenda available to the public, which violated a state law known as the Oklahoma Open Meeting Act. Between January and June 2021, the state has collected $43,166.199 in state and local sales taxes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Hypocritical U.S. Tax Law Stifling Legal Marijuana Businesses

WeedAdvisor

Owning a business is never easy. businesses enjoy is the ability to deduct certain expenses, providing a notable tax break once the IRS comes to collect its due. Thanks to an antiquated law that the IRS is all-too-happy to enforce, taxes on legal marijuana dispensaries are astronomical. But one thing U.S. Section 280E.

article thumbnail

California’s Labor Peace Agreement Requirements for Growing Cannabis Businesses

Cannabis Law Report

First, an LPA is a private contract between an employer and a union in which both sides agree to waive certain rights under federal labor laws. Multiple unions are currently active in the cannabis industry, so a number of organizations may approach businesses.

article thumbnail

Michigan Legislature Addresses Native American Tribes in New Marijuana Legislation

Dykema (Cannabis Law Blog)

As sovereign nations, tribes can generally make their own rules for their business ventures and members on tribal lands, with state law potentially applicable only in sharply limited circumstances. Generally speaking, tribes regulate and operate their businesses free from state regulation.

article thumbnail

Update: DOJ and SAFE Banking Act

Canna Law Blog

The DOJ’s first beef then is that the bill would technically immunize from prosecution cannabis businesses or providers that fall into certain legal classifications under the Act, rather than examining the types of legal or illegal activities in which those entities are engaged. Given that fact, the memo starts out by saying that.

Banking 80
article thumbnail

The Deduction of Cannabis Business Expenses Following New York’s 2023 Budget

Cannabis Law Report

Although the Budget includes the usual categories of expenditures we have come to expect from Albany, it also introduces certain tax-related measures, some of which are certain to be welcomed by the general business community, and a few that may be meaningful to certain industries. Challenges.