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Bloomberg Tax: Cannabis Company Keeps Fighting IRS View of Drug-War Era Law (1)

Cannabis Law Report

A cannabis company has appealed its case against the IRS at the Ninth Circuit in an effort to soften the blow of a policy that can push state-legal marijuana businesses’ tax rates to upwards of 70%. Tax Court’s 2018 ruling in Patients Mutual Assistance Collective Corp. The case is Patients Mutual Assistance Collective Corp.

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NORML: New Mexico: Supreme Court Rules Against Imposition of Certain Excise Taxes on Medical Cannabis Products

Cannabis Law Report

Some in the industry have estimated that the state has collected between $25 million and $30 million in gross receipts taxes from medical marijuana producers. New Mexico established its medical marijuana program in 2007 and growth in recent years has been significant, with more than 130,340 patients enrolled as of January.

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New Study Says. Not One California Dispensary Caught Selling to Minors

Cannabis Law Report

One of the most successful alcohol control policies in the United States was the establishment of the minimum legal drinking age of 21 (MLDA-21). All states have a version of MLDA-21, with Congress passing legislation in 1984 pressuring all states to enact the policy if they had not already done so. 2007, Shults et al.,

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Women Paved the Way for Mexico’s Cannabis Legalization Movement, and Here’s How They Did It

SpeedWeed

Women-focused educational platforms like Chicks vs. Estigma and Mujer Cannábica are helping in this respect, as is Mexican television show Tiempo de Cannabis , hosted by intrepid drug policy expert Zara Snapp. In November 2007, Elsa Conde, the Chamber of Deputies legislator, introduced the first federal bill to regulate medicinal cannabis.

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Tax Court’s decision in Harborside A Big Challenge For CA Cannabis Dispensaries

Cannabis Law Report

Tax Court has issued a final decision under Tax Court Rule 155 on the income tax deficiency for Patients Mutual Assistance Collective Corporation (“PMACC”), the Company’s 100% owned subsidiary and owner of the iconic Harborside Oakland cannabis dispensary. million for the fiscal years 2007 through 2012.

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Californian Cannabis Lawyers In Court Tussle

Cannabis Law Report

In March 2011, the IRS audited Sosa and Mid City for tax years 2007 to 2009. On January 27, 2012, the IRS issued an Income Tax Discrepancy Adjustment to Sosa, stating that he owed approximately $35,000 for tax years 2007 to 2009 (January 2012 Demand Letter). Chimienti was business counsel for Sosa and Mid City.

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Just desserts: The Cookies and Cakes family genealogy

SpeedWeed

From 2007 to the present—and emanating out of the San Francisco Bay Area—Cookies’ hard-hitting, hybrid indica power, and its complex, sweet- scrumptious aroma has made fans of elite pot snobs, medical marijuana patients with PTSD, all-star rappers, and now almost everyone who partakes. You can unsubscribe from Leafly email messages anytime.

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