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Australia Cannabis Q&A

Canna Law Blog

Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Laws apply to business activities of all kinds at the local government level. The specific license type.

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Section 280E and The Taxation of Cannabis Businesses

Cannabis Law Report

Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities.

Business 105
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Is Bankruptcy Protection on the Horizon for Cannabis Businesses?

Canna Law Blog

After filing for bankruptcy, the debtor-landlord continued to accept rent from the cannabis business. The debtor-landlord proposed a plan of reorganization that would pay off its debts, which included some of the rent received from the cannabis business. Trustee objected to plan confirmation, arguing that under 11 U.S.C.A.

Business 100
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Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

(CSE: MXT) (OTCQB: MXTTF) aims to address these problems by pairing biometric interviews with brainwave data to create a proprietary mental health reference database. By combining mHealth data from wearables with its reference database, the company hopes to provide actionable health insights to consumers. billion in 2020 to $7.6

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Compliance over Enforcement: The New Normal For Washington Marijuana Businesses

Canna Law Blog

” Technical Assistance Programs are designed to allow state agencies to collaborate with individuals and businesses subject to that agency’s regulations without issuing civil penalties. ” In addition, the LCB must “expand existing programs for compliance education for licensed marijuana businesses and their employees.”

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Virginia, Marijuana, and How Medical Legalization May Unfold in the South

NORML

There are currently five “pharmaceutical processor” permit holders in Virginia, and they’re about to open for business. The 2017 expansion of Virginia’s medical marijuana law got rid of qualifying conditions. So, we set about these two objectives, one being to add additional conditions.

Marijuana 254
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4Front Ventures Reports Second Quarter 2021 Financial Results and Provides Business Update

Cannabis Law Report

To that end, as CEO, I am more confident than ever in our strategy, fundamentals, asset base, and current growth ramp of our business as we look ahead to 2022.”. Business Updates and Developments. ET to review its operational and financial results and provide an update on current business trends. million in Q1 2021. 587,218,794.

Business 105