Remove Collective Remove Compliance Remove State Laws
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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

Canna Law Blog

Cons: Double taxation (corporate income is taxed, and dividends to shareholders are taxed again); tends to be the highest tax option overall Higher compliance costs and formalities Bottom Line: Best suited for cannabis businesses that plan to scale quickly, raise significant capital, or eventually go public.

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Weekly Legislative Roundup 3/15/18

NORML

Additionally, Representatives Charlie Crist (D-FL) and Don Young (R-AK) introduced The Fairness in Federal Drug Testing Under State Laws Act to explicitly bar federal agencies from discriminating against workers solely because of their status as a cannabis consumer, or due to testing positive for marijuana use on a workplace drug test.

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Weekly Legislative Roundup 2/8/19

NORML

At the state level, activists in Texas, Maryland, and Kentucky gathered in their state capitols alongside state and local NORML chapters to lobby for sensible marijuana policy reform legislation. Legislation is pending, SF 104 / HF 221, to expand Iowa’s narrow medical cannabidiol (CBD) law. AZ resident? Connecticut.

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The Supreme Court Puts a Halt to a Commandeering Congress

MJ Business Attorneys

For starters, this case clarifies that the federal government can neither force the states to enforce federal marijuana policy, nor can they prohibit the states from implementing or revising their own marijuana policies. Murphy holds that state-law repeals are not pre-emptible.

Policy 100
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Cost of Compliance Tips to Get a Cannabis Business off the Ground – Cannabis Business Executive

SpeedWeed

There are five important “categories,” that require company leaders’ utmost focus and attention as they launch a compliant cannabis business in a newly legal state. Without compliance boxes checked, the operation will not be able to launch. Compliance. Let’s look at Missouri’s medical marijuana (MMJ) program for example.

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Illinois gives guidance for Cannabis Loan Funds

Illinois News Joint

Examples for allowable uses for the Cannabis Loan Funds include rent, payroll, purchase of equipment, purchase of inventory, regulatory compliance expenses, payment of fines or penalties, certain legal expenses, and employee training. The Department also collects confidential information for oversight and monitoring purposes.

Programs 105
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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. The joint guidance makes clear that banks have discretion about what services to offer, but that bank clients must comply with applicable law.

Banking 88