2012 Collective State Laws 
The Blunt Truth
JULY 25, 2023
STATE OF PLAY The United States Trustee Program (“USTP”), as the bankruptcy system watchdog, has long taken the position that the system may not be used as in instrument in committing a crime, and that trustees and estate fiduciaries may not administer assets in violation of federal criminal law. [1] Cal October 23, 2012). [5]
Cannabis Law Report
MAY 26, 2022
Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. Objective: Since 2012, 19 states and the District of Columbia have legalized the recreational use of marijuana for adults ages 21 and older. 2012, Calabria et al., Add to Mendeley. Berning, A.,
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Cannabis Law Report
NOVEMBER 4, 2019
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. These opinions create an opportunity for a cannabis dispensary to exclude from gross revenue a substantial portion of the money collected from cannabis consumers.
Cannabis Law Report
OCTOBER 24, 2019
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.
Greenspoon Marder Cannabis Law Group Blog
NOVEMBER 4, 2019
The respondent, the Internal Revenue Service (“IRS”), issued the petitioner a Notice of Deficiency, claiming “a deficiency in petitioner’s 2012 income tax of $1,264,212 and an accuracy-related penalty under section 6662(a) of $252,842.40.” [2] The Sixteenth Amendment permits Congress to “collect taxes on incomes.” [8]
Cannabis Law Report
JULY 18, 2019
As of the date of publication, marijuana is legal for medical use in 33 states and the District of Columbia, while it is legal for recreational use in 11 states and the District of Columbia. Pure Hemp Collective, Inc. , Its use for any purpose remains illegal at the federal level.
Canna Law Blog
NOVEMBER 13, 2021
215 opened the door for a collective model (i.e., With the passage of SB 420 , this collective system was formalized and, with the advent of the 2008 Guidelines issued by the State Attorney General’s Office, more details around “compliance” and best practices were provided; but it was nothing like we have today under Prop.
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