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Colombia Legalizes Medical Cannabis Flower for Locals and Export

SpeedWeed

Colombia had approved legislation in 2016 that regulates the production, distribution, sale and export of seeds, topicals and other cannabis products, but had prohibited the export of dried cannabis flower up until now, fearing that such a move would allow for the flow of legal cannabis products into the black market. million sq.

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CBD Ban: Brits Take Up Fight And Send Lawyers To Brussels

Cannabis Law Report

Cannabis lawyers are heading to Brussels next week to challenge a recent decision by the European Union to reclassify food products containing cannabidiol (CBD) and prohibit their sale. In the case of CBD, this includes extracts, oils and other derived products that are intended for ingestion by humans. AUTHOR: Mark Taylor.

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Could Industrial Hemp Lessen the Burden of I.R.C. Section 280E for Colorado’s Cannabis Retailers?

Greenspoon Marder Cannabis Law Group Blog

Thus, for MMCs, sales of industrial hemp and hemp CBD products were not a significant portion of their overall sales. 19, 42 (2012). Having represented dozens of marijuana businesses throughout audits, I know that the IRS will still accept—within reason – CHAMP allocations based on non-marijuana sales vs. marijuana sales.

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Greenway – Article: Income Taxes and the Cannabis Business: The Impact of §280E

Cannabis Law Report

1981-623) that had allowed deductions incurred in carrying on the production, distribution, and sale of controlled substances. The production or sale of marijuana is still illegal under U.S. 19 (2012), as well as Chief Counsel Advice (CCA) 201504011, in which the IRS provided guidance as to how a taxpayer subject to Sec.

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Just desserts: The Cookies and Cakes family genealogy

SpeedWeed

Now for the headliner: Cookies and Cakes! Why do people wait two hours in line to spend $70 on an eighth-ounce of weed—in the middle of a pandemic? Easy: the Cookies strain of cannabis transcends mere genetics—it’s a lifestyle. In less than 90 minutes, guys in crisp, white sneakers and basketball shorts bought up all the pricey, designer weed.

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Searching for the origin of Blue Dream marijuana strain

SpeedWeed

It was one of the first strains to be extracted by the major California brand AbsoluteXtracts, said James Rowan, director of major brands. Marine fog casts a gray haze and fills the air with palpable moisture on the coastal bluff overlooking the vast blue expanse of the Pacific Ocean. A stone-cold fan favorite. They’ll always sell it. “It

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Taxation Of A Medical Marijuana Business – How Will The Ninth Circuit Hold?

Cannabis Law Report

Under Federal law, cannabis is a “Schedule I” controlled substance; thus, the manufacture, distribution, dispensation, or possession of marijuana – even medical marijuana recommended by a physician – is prohibited as a matter of Federal law. [ix]. Deductions. COGS is the costs of acquiring inventory, through either purchase or production.