Cannabis Law Report

MARCH 23, 2022

Section 280E of the Internal Revenue Code prohibits cannabis businesses from taking any ordinary business deductions in preparing federal income tax returns. This is extremely important to understand, because 280E in many cases can result in an extremely high effective federal tax rate on the actual net profits of the business.

State Laws 52

State Laws Business Law Compliance 52

MassRoots

FEBRUARY 11, 2019

The American people have elected the most pro-cannabis Congress in American history and significant pieces of legislation are being introduced,” said Blumenauer. The first one, Small Business Tax Equity Act , proposes that legal cannabis businesses should be allowed to claim tax deductions just like any other small business.

Legalization 111

Legalization Marijuana Legislation Policy 111

Veriheal

AUGUST 13, 2021

An associate’s degree in cannabis business will be available at Community College of Denver this fall. Colorado’s first-ever cannabis business program will be available this fall . The Control Board would also accept a medical marijuana card from out of state or tribal nation where medical marijuana is legal. .

Programs 105

Programs Cannabis Business History 105

Canna Law Blog

MAY 19, 2019

In addition to legalizing adult use and possession of cannabis, the law creates a statewide regulatory regime for commercial cannabis activity, but also provides discretion to local jurisdictions to prohibit or restrict such businesses. That study found that “single-family residences close to a retail conversion (within 0.1

Retail 100

Retail Safety Medicine State Laws 100

Cannabis Law Report

JANUARY 7, 2020

There are multiple moving parts to keep track of in addition to running your day-to-day business — it’s easy to feel overwhelmed. One reason taxes can be such a headache for cannabis business owners is IRS Code 280E. 280E still penalizes cannabis businesses, even when they are regulated and comply with state law.

Business 45

Business History Data State Laws 45

Cannabis Law Report

NOVEMBER 23, 2021

Unfortunately, this latest effort by the MRA has caused huge disruption and chaos in the industry, harming small businesses and besmirching Viridis’ reputation with no basis in science.”. 17 is the largest in state history and represents an estimated $229 million in cannabis products. The recall announced on Nov.

Marijuana 93

Marijuana Safety History Cannabis 93

Cannabis Law Report

SEPTEMBER 10, 2021

On July 23, 2021, the Thurston County Superior Court granted an order for summary judgment to the Washington State Liquor and Cannabis Board (WSLCB) in a lawsuit filed by Idaho business man, Todd Brinkmeyer challenging Washington state’s residency requirement for marijuana licensing.

Retail 90

Retail State Laws Cannabis History 90

SpeedWeed

SEPTEMBER 17, 2021

The Enquirer reported that equity provisions “weren’t discussed during the meeting or mentioned in the request for applications approved Tuesday,” and that a spokesperson for the Ohio Board of Pharmacy said that the board “is still reviewing how it can encourage equity within the state law and rules.”.

Dispensary 92

Dispensary THC State Laws Cultivation 92

NORML

JANUARY 25, 2020

House Bill 1089 would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming marijuana. CO resident? Update : S.54 VT resident?

Legislation 188

Legislation Decriminalization Safety Cultivation 188

Connor & Connor PLLC

AUGUST 30, 2018

However, marijuana remains illegal under Federal law, and this creates an uncertain landscape for marijuana businesses in the preparation of their Federal income tax returns and in handling an IRS audit. In addition, marijuana businesses must be aware of cash handling issues. See specifically IRC Section 162.

Business 49

Business Marijuana Banking Collective 49

Cannabis Law Report

AUGUST 13, 2019

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law. American Bar Association. Full report: [link].

Compliance 59

Compliance Compliance State Laws Policy 59

Cannabis Law Report

JULY 19, 2021

Miss Grass and Flower One unite to educate on the history, science, and culture of cannabis and share it with the world. The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplaces in the United States through its subsidiary Cana Nevada Corp.

Education 111

Education Cultivation History Media 111

Cannabis Law Report

AUGUST 1, 2021

He then went even further, describing the Colorado case that the Court declined to hear as a prime example of the fact that marijuana businesses do not experience “equal treatment” under the law. Interestingly, for those of certain legal history mindset, Gonzales itself had relied upon the famous WWII-era case Wickard v.

Policy 105

Policy Cultivation Recreational Legislation 105

Cannabis Law Report

APRIL 8, 2019

Medicinal cannabis in Australia is regulated under a mixture of changing international, federal and state laws. Unless manufactured or sold in accordance with the NDA or state licensing regimes, cannabis remains an illegal drug in Australia. their reputation, business experience and integrity.

Medicine 71

Medicine Research and Development Business Cannabis 71

MMJ Recs

OCTOBER 26, 2023

This guide aims to provide an in-depth exploration of medical marijuana laws in the USA, offering insights into the regulations, the legal status of medical marijuana, the differences between federal and state laws, patient rights, dispensary regulations, and much more.

Law 98

Law Marijuana Programs Conditions 98

Cannabis Law Report

MAY 30, 2021

The Michigan Cannabis Manufacturers Association, the trade group leading the crackdown efforts, formed in 2019 to “operate exclusively for the promotion of the cannabis manufacturers by promoting the common business interests and general welfare of the industry,” according to articles of incorporation filed with state records.

Patients 105

Patients Retail Cannabis Legislation 105

Cannabis Law Report

AUGUST 27, 2021

In the meantime, states continue to develop and enhance laws governing the production and sale of consumable hemp products and will likely continue to do so, underscoring the importance of state law compliance. Safety Data Matters. View source.]. Originally published at.

Hemp 105

Hemp Safety Food Data 105

The Blunt Truth

DECEMBER 22, 2022

Nevada, like most states, has legalized cannabis for medicinal use. Although permitted under state law, a Nevada employee may still face discipline under a company’s drug policy. Finally, the Court found that implying a cause of action to enforce NRS 678C.850

Law 111

Law Policy Cannabis History 111

Cannabis Law Report

JUNE 1, 2021

–(BUSINESS WIRE)– Grown Rogue International Inc. Grown Rogue) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, welcomes a new team member – Tom Fortner – as Chief Operating Officer. MEDFORD, Ore.–(BUSINESS of cultivation infrastructure.

Seed-To-Sale 81

Seed-To-Sale Business Law Conditions 81

Dykema (Cannabis Law Blog)

APRIL 20, 2023

The state of Texas has a long history of regulating cannabis use. x] The enactment of the Bill would have a significant positive impact on the Texas cannabis industry and potentially the Texas economy, as legal blocks that prohibit capture of a market share in this growing industry by Texas businesses would be removed.

Law 74

Law Chronic Pain Conditions Medicine 74

Cannabis Law Report

JULY 14, 2021

Cory Booker (D-NJ) and Ron Wyden (D-OR), released draft legislation today that would remove cannabis from the schedule of controlled substances while allowing states to determine their own cannabis policies. The substance is legal in some form in 47 states. You can find a summary here and the full draft language here. Marijuana Times.

Legislation 71

Legislation Banking History Access 71

Cannabis Law Report

JULY 20, 2022

Ikigai Law. In our last post 1 we spoke about the history, science and the regulator’s take on cannabis. For the purposes of this post, we will discuss only the medicinal route of doing business. Other general laws on e-commerce, telemedicine, and consumer protection will also apply. 19 July 2022. Introduction.

Medicine 52

Medicine Hemp Compliance Compliance 52

Canna Law Blog

FEBRUARY 17, 2025

The requirement took effect almost immediately we therefore urged eligible OLCC businesses to renew licenses prior to December 5 th , to dodge the LPA requirement for at least another year. The complaint left off seemingly viable state law causes of action, likely for strategic reasons beyond my expertise.

Hash 52

Hash Retail History Cannabis 52

Cannabis Law Report

APRIL 24, 2019

The STATES Act passes in Congress, the President signs it and it becomes law which means that in the states where cannabis is legal : Banking system becomes available to cannabis businesses. 280E is effectively repealed and cannabis businesses are no longer subject to the broad disallowance of expenses.

Legalization 58

Legalization Collective DEA Banking 58

Connor & Connor PLLC

NOVEMBER 27, 2019

Despite the multitude of hoops that potential dispensary owners have to jump through, once accomplished, dispensary owners can see a steady flow of business. Knowing this may drastically affect a business plan. Every successful entrepreneur understands that product knowledge is crucial to a new startup business. 2] [link]. [3]

Dispensary 69

Dispensary Retail Recreational Business 69

Nature's Way Medicine

MARCH 5, 2021

The letter to government heads of office brings up the fact that fifteen states and D.C. have removed criminal prohibition on medical and recreational marijuana and an additional 33 states permit medical use. This causes federal agencies to increasingly encounter well-qualified individuals that may have a history of cannabis use.

Patients 76

Patients Sleep Cannabis THC 76

Dykema (Cannabis Law Blog)

AUGUST 24, 2020

On August 14, 2020, a federal court granted a preliminary injunction in favor of out-of-state businesses claiming that the City’s licensing system unconstitutionally favored residents over non-residents by basing licensing decisions in part on whether an applicant is a Maine resident.

Marijuana 45

Marijuana Business History Compliance 45

Cannabis Law Report

OCTOBER 27, 2019

Northern California Small Business Assistants Inc. P is a California corporation that operates a medical marijuana dispensary legally under California law. 280E, which disallows all deductions for a business that consists of trafficking in a controlled substance within the meaning of Schedule I or II of the Controlled Substances Act.

State Laws 45

State Laws Dispensary Business Policy 45

Cannabis Law Report

OCTOBER 26, 2019

The public safety concerns resulting from the dearth of cannabis banking has led dozens of state Attorneys General, the American Banking Association, and numerous other voices to urge the passage of legislation like the SAFE Banking Act so that the U.S. businesses. businesses. at §§ 841(b), 853. banking system.

Banking 45

Banking Safety Business History 45

Cannabis Law Report

JULY 18, 2019

Just to digress for those that may have never seen a rigorous history, medical cannabis in California was legalized in 1996 with the passage of Proposition 215 [1]. However, the likelihood that those businesses would survive, let alone prosper without the existance of all of the ancillary non-plant touching business today is a BIG FAT ZERO.

Cultivation 64

Cultivation Cannabis Environment Agriculture 64

Cannabis Law Report

JULY 27, 2021

Minor’s impressive executive history in cannabis, gaming and investment banking will be a major asset to GABY shareholders as we continue to make acquisitions and expand the GABY brand across California. federal law, nor will it provide a defense to any federal proceeding in the U.S.

Retail 76

Retail Banking Dispensary Compliance 76

Cannabis Law Report

DECEMBER 16, 2021

CDC Issues “Best Practices” for Businesses on Employed Drivers and Cannabis Use. The CDC promoted a policy that prohibits employees from using marijuana while on the job but recognized that a zero-tolerance policy for marijuana use may not be possible, depending on the relevant state law. Newsworthy Highlights.

Retail 52

Retail Cannabinoids Policy Cultivation 52

Greenspoon Marder Cannabis Law Group Blog

JUNE 25, 2021

businesses establishing operations outside the United States, and inbound investment, that is, foreign investors establishing U.S. tax considerations can apply to the extent that (i) operations are conducted within the United States (whether such business entities are owned by U.S. This article will discuss the U.S.

Business 72

Business Cannabis Seed-To-Sale Law 72

Cannabis Law Report

DECEMBER 27, 2021

Currently, there is no legal mechanism to obtain a trademark to sell cannabis across state lines. Instead, companies are limited to state-wide trademarks. These limited marks have created a fractured market, with little clarity for businesses in a cannabis industry that continues to grow despite the lack of federal decriminalization.

Legalization 69

Legalization Decriminalization Cannabis Packaging 69

MMJ Recs

OCTOBER 26, 2020

States such as Oklahoma , which were once skeptical about MMJ, are now reaping the rewards that come with having a liberal, well-run MMJ program. MMJ is also big business and MMJ-friendly states are enjoying big economic benefits. While medical marijuana is legal in most states, it is not yet legal at the federal level.

Marijuana 52

Marijuana Treatment Safety Patients 52

Canna Care Docs

NOVEMBER 23, 2020

Details: Individuals can possess up to four cannabis plants and four seedlings in their homes 20% state tax applies to retail cannabis and cannabis-infused products Montana Department of Revenue to regulate the cultivation, manufacturing, transport, and sale of marijuana in the state Local authorities responsible for regulating cannabis businesses.

Legalization 52

Legalization Medicine Conditions Recreational 52

SMPL

AUGUST 14, 2019

Though ABA specified that it was not taking a position on marijuana legalization generally, it recognized that conflicting federal and state cannabis policies are untenable and have created complications for cannabis businesses operating in compliance with state law.

Policy 40

Policy Research and Development Marijuana DEA 40