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Oregon Marijuana: OLCC Announces Changes to Certificate of Tax Compliance Rule

Canna Law Blog

The OLCC announced several changes to the tax compliance rule this weekend at the Cannabis & Psychedelic Section of the Oregon Bar Association’s annual conference (where I was pleased to moderate a panel on the failures of legalization). We’ve written about the tax compliance rule on several occasions: e.g. here , here and here.

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Oregon Marijuana: OLCC Announces Changes to Certificate of Tax Compliance Rule

Canna Law Blog

The OLCC announced several changes to the tax compliance rule this weekend at the Cannabis & Psychedelic Section of the Oregon Bar Association’s annual conference (where I was pleased to moderate a panel on the failures of legalization). We’ve written about the tax compliance rule on several occasions: e.g. here , here and here.

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Oregon Cannabis: How Many Retailers Will Close Due to Gov. Kotek’s New Tax Compliance Missive?

Canna Law Blog

As reported by Sophie Peel of the Willamette Week, on May 16, Governor Kotek issued a directive to the OLCC to make state tax compliance a requirement for the agency to issue or renew cannabis retail licenses. This tax policy may have a huge impact on the Oregon marijuana industry and the changes are coming fast ! We don’t know.

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MJ Biz : Oakland sends social equity marijuana licensees to collections over unpaid loans

Cannabis Law Report

Marijuana regulators in Oakland, California, have begun referring a handful of social equity licensees to the city’s collections department after they defaulted on loans intended to help get their companies started. About 60% are “in compliance” with the terms of the loan, according to the report. MJ Biz report.

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IRS Launches Cannabis Industry-Focused Compliance Initiative

Cannabis Law Report

It appears clear that cannabis businesses will have to wait for cannabis/marijuana to be removed from the federal list of controlled substances before they can deduct business expenses like other legal, tax-paying American businesses. Ensuring a coordinated and consistent approach by the IRS to the cannabis/marijuana industry.

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It is Time to Acknowledge Reality and End Federal Marijuana Prohibition

NORML

Today, we stood with Representatives Tulsi Gabbard and Don Young as they introduced the Ending Federal Prohibition Act and Marijuana Data Collection Act. While these two bills are overtly about addressing the failures of marijuana prohibition, what they are truly about is accepting reality.

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Alert: Nevada Cannabis Compliance Board – CCB/DoT Release Annual Cannabis Taxable Sales Data Now Published

Cannabis Law Report

Together with the Nevada Cannabis Compliance Board (CCB), the Nevada Department of Taxation (DoT) released figures showing more than $1 billion in taxable sales reported by Nevada’s legal cannabis industry over a 12-month period. This is what Nevadans expected since the legalization of recreational marijuana,” Governor Steve Sisolak said.