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Medical cannabis licenses approved for six companies in Georgia

Cannabis Law Report

The announcement is a long-awaited milestone for about 15,000 patients who have been authorized to use medical marijuana oil since 2015 but weren’t permitted to buy it. State law limits the number of medical marijuana producers to six. Each licensee will be authorized to open five dispensaries. It’s a blessing.

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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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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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Section 280E and The Taxation of Cannabis Businesses

Cannabis Law Report

Section 280E denies deductions and credits for amounts paid or incurred in carrying on the trade or business of trafficking controlled substances (within the meaning of Schedules I and II of the CSA), in violation of federal or state law. [13] CCH) 141, *5–6 (2015); Olive v. 2015), aff’d sub nom. Canna Care, Inc.

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The Status of Cannabis Legalization in the South

Cannabis Law Report

The law created the Alabama Medical Cannabis Commission (AMCC) , which is generally responsible for regulating the medical cannabis program, including licensing facilities that process, transport, test, or dispense medical cannabis. The state has close to 400 dispensaries total. There is no excise tax on medical cannabis.

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Will Georgia Legalize Cannabis? GA Medical Cannabis Program Explained

Veriheal

Toward the end of last month, the Georgia government approved licenses for three new dispensaries. Two of these dispensaries will be located in the Atlanta Metropolitan area. Georgia Adds Three New Dispensaries Commissioners approved a license for Trulieve GA Inc. , a prominent cannabis corporation in the state.

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

Cannabis Law Report

The perpetual myth that dispensaries are selling weed to minors refuses to die, but evidence shows this isn’t the case in California. Instead, adult-use dispensaries in the state are proving the system works by checking IDs as required by state law. MRR writes. Introduction. 2012, Calabria et al., 2001, Voas et al.,