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NY: Two Rockland Towns Take Steps To Make Cannabis Dispensaries & Lounges Illegal

Cannabis Law Report

At least two of Rockland County’s five towns are taking steps to opt out of the recently-passed New York State law that allows the operation of marijuana retail dispensaries and cannabis lounges. Towns must pass laws before the Dec. State regulators still need to write the rules for how marijuana can be legally sold.

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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. Allows licensed dispensaries to sell edible cannabis and cannabidiol products. AZ resident? Connecticut. CT resident?

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Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

Canna Law Blog

Nonprofit Corporation Summary: A mission-driven entity that reinvests profits, if any, to further its stated purpose rather than distributing them to owners. An LLC taxed as a partnership may be perfect for a small, family-run dispensary, while a C corporation may be the best choice for a multi-state operator planning to go public.

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Every California Dispensary That MMJ Patients Need To Know

MMJ Recs

With an extensive network of medical marijuana dispensaries, along with well-defined regulations and procedures, the Golden State continues to lead the way in providing relief to those in need. Once approved, patients can legally purchase medical cannabis from authorized dispensaries.

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The Week in Weed: April 10, 2020

The Blunt Truth

This week, North Dakota joins the ranks of those states that seem unlikely to see cannabis on the ballot. As does Idaho , where social distancing measures have made signature collection all but impossible. Even in states where cannabis is legal, the virus is causing problems. Massachusetts is a prime example. handy dandy chart.

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Harborside & Nor Cal Opinions. Dispensaries, Don’t Despair. There Are Solutions

Cannabis Law Report

280E to cannabis dispensaries. The Court stated: “Our precedent is unambiguous. We are constrained by the law, and Congress has not carved out an exception in IRC Sec.280E 280E for businesses that operate lawfully under State law. 471 should be used by a cannabis dispensary to determine COGS.

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Hypocritical U.S. Tax Law Stifling Legal Marijuana Businesses

WeedAdvisor

businesses enjoy is the ability to deduct certain expenses, providing a notable tax break once the IRS comes to collect its due. Thanks to an antiquated law that the IRS is all-too-happy to enforce, taxes on legal marijuana dispensaries are astronomical. But one thing U.S. This proves how hypocritical the IRS is.