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Intoxicating Hemp Swindle

Project CBD

A new study from an industry advocacy group in California examines the content of dozens of unregulated intoxicating “hemp” products that are easily available in the Golden State despite being banned by state law. The study, entitled The Great Hemp Hoax , was released Feb. Theres no ambiguity or loophole.

Hemp 233
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File Under Bad Ideas: 50/50 Cannabis Business Ownership

Canna Law Blog

There are many ways to set up a cannabis business, and we like to think that we’ve seen them all. But there’s probably no worse category than 50/50 ownership of a business– a recipe for all sorts of disasters. Most partners are aligned at first, but over time a business will have its ups and downs. This is bad!

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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. Controlled Substance.

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

Canna Law Blog

One of those five debtors leased property to a company that used the land to grow cannabis in compliance with Washington state law. After filing for bankruptcy, the debtor-landlord continued to accept rent from the cannabis business. This argument historically has prevailed. The Ninth Circuit didn’t agree with the U.S.

Business 100
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Cannabis Transactions: I ❤️ Letters of Intent

Canna Law Blog

Unless the LOI is completely binding (more on that below), it won’t contain many of the terms that find their way into final agreements, which are commonly referred to as “definitive agreements” It will, however, include most or all of the high-level deal points. confidentiality, exclusivity).

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Marijuana Mayhem

MJ Business Attorneys

Fighting Investment Fraud in the Marijuana Business Industry. with defrauding investors about returns in cannabis businesses after Greenview used misleading marketing materials to raise over $3 million from investors. This is not the first SEC effort against investor fraud in the marijuana business industry.

Marijuana 100
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Legal Options for Investors and Owners of a Financially Struggling Marijuana Business

Dykema (Cannabis Law Blog)

This rapid price compression puts tremendous pressure on many marijuana businesses as they face greater competition with ever-slimming margins. However, the doors to the bankruptcy courts are currently closed to marijuana businesses because marijuana is still illegal at the federal level. In contrast, the average price fell to $109.22