Veriheal

DECEMBER 7, 2022

Operating cannabis-based businesses in The Golden State is no easy feat for retailers. Based on federal law, anyone who cultivates, sells, consumes, possesses, distributes, or transports the plant will face criminal prosecution in federal court. ” Cannabis Companies Require State and Local Licenses.

Business 103

Business Banking Advocacy Cannabis 103

Cannabis Law Report

AUGUST 23, 2021

Section 280E of the Internal Revenue Code prohibits taxpayers who are engaged in the business of trafficking certain controlled substances (including, most notably, marijuana) from deducting typical business expenses associated those activities. Controlled Substance.

Business 105

Business Cannabis Law Legislation 105

Cannabis Law Report

MARCH 23, 2022

Section 280E of the Internal Revenue Code prohibits cannabis businesses from taking any ordinary business deductions in preparing federal income tax returns. This is extremely important to understand, because 280E in many cases can result in an extremely high effective federal tax rate on the actual net profits of the business.

State Laws 52

State Laws Business Law Compliance 52

Cannabis Law Report

MARCH 27, 2023

Veazey on March 27, 2023 For at least the past decade, federal bankruptcy courts have routinely prohibited cannabis businesses from seeking protection under federal bankruptcy law, regardless of whether a cannabis business is legally operating under state law.

State Laws 52

State Laws Business Law Cannabis 52

NORML

JUNE 23, 2019

House of Representatives just voted to restrict the Department of Justice from interfering with the states that have legalized adult-use marijuana. New York state lawmakers approved legislation on Friday to further expand cannabis decriminalization and expunge certain records. CA resident? DE resident? Legislation is pending, S.

Legislation 197

Legislation Hemp Decriminalization Agriculture 197

Cannabis Law Report

JANUARY 19, 2022

The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. It includes cops who use federal civil forfeiture laws to steal money earned by state-legal marijuana businesses. Constitution. Reports Reason. Here’s the introduction to the must-read Reason story.

Business 98

Business DEA Marijuana State Laws 98

NORML

FEBRUARY 27, 2019

As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.

Banking 155

Banking Policy Business Safety 155

The Blunt Truth

SEPTEMBER 10, 2019

Citing growth in hemp-related commerce, the NCUA emphasized the need for credit unions to understand the gamut of regulation across jurisdictions in order to lend lawfully to hemp-related businesses. Last , when deciding whether to serve hemp-related businesses, credit unions also need to consider other applicable federal and state laws.

Hemp 78

Hemp Business Compliance Compliance 78

NORML

MARCH 7, 2019

Drug Enforcement Administration and Congress still erroneously classify marijuana as a Schedule 1 drug, ignoring the fact that 33 states, including my home state of Hawai‘i, have already accepted the medical use of marijuana under state law.

Legislation 216

Legislation Marijuana Banking Safety 216

Cannabis Law Report

DECEMBER 28, 2021

On January 1, 2022, two new state laws will become effective in Illinois and Oregon and could cause significant disruption to the vapor industry. We provide background on the legislation and discuss the potential implications for the sales of vapor products in the respective states. By Azim Chowdhury & Taylor D.

State Laws 59

State Laws Law Food Legislation 59

Canna Law Blog

SEPTEMBER 14, 2019

One of those five debtors leased property to a company that used the land to grow cannabis in compliance with Washington state law. After filing for bankruptcy, the debtor-landlord continued to accept rent from the cannabis business. This argument historically has prevailed. The Ninth Circuit didn’t agree with the U.S.

Business 77

Business Compliance Compliance Cannabis 77

NORML

JANUARY 19, 2020

The bill would prohibit employers terminating an employee for the employee’s lawful off-duty activities that are lawful under state law even if those activities are not lawful under federal law, such as consuming cannabis. CO resident? FL resident? NJ resident? New Mexico.

Legislation 249

Legislation Decriminalization Access Patients 249

Cannabis Law Report

JULY 23, 2020

Maine’s Bangor Daily News reports… Federal and state law enforcement were gathered in large numbers at two Farmington marijuana businesses and other locations in the … Read More.

Business 64

Business Marijuana State Laws Law 64

Dykema (Cannabis Law Blog)

NOVEMBER 16, 2022

This rapid price compression puts tremendous pressure on many marijuana businesses as they face greater competition with ever-slimming margins. However, the doors to the bankruptcy courts are currently closed to marijuana businesses because marijuana is still illegal at the federal level. In contrast, the average price fell to $109.22

Business 84

Business Legalization Marijuana Collective 84

NORML

JUNE 10, 2019

These policies should reflect updated changes to the law on marijuana usage and clearly state the impact of marijuana usage on federal employment. Charlie Crist of Florida along with protections for financial institutions to engage in activities with state-legal cannabis businesses. The language was included by Rep.

Chronic Pain 158

Chronic Pain Policy Packaging State Laws 158

Cannabis Law Report

MARCH 12, 2022

A new lawsuit in Georgia seeks a court order declaring that a chemical related to the main intoxicating ingredient in pot is legal under state law. Delta-8 has become extremely popular across the country, and the cannabis industry and state governments have grappled with its rise. Read more at: [link].

Law 105

Law Legalization State Laws Hemp 105

MassRoots

AUGUST 3, 2020

Even though more than half of the states in America have legalized some form of cannabis use, whether medical or recreational, the plant and its derivatives remain federally illegal. House Bill 418 aims to provide extra protection for those businesses that operate within the parameters of Louisiana state law.

Programs 124

Programs Banking Marijuana Conditions 124

MassRoots

FEBRUARY 11, 2019

The first one, Small Business Tax Equity Act , proposes that legal cannabis businesses should be allowed to claim tax deductions just like any other small business. As long as individuals and businesses are operating under state law, this proposal would remove the risk of federal criminal penalties.

Legalization 111

Legalization Marijuana Legislation Policy 111

Cannabis Law Report

MAY 28, 2022

Although 18 states have fully legalized, cannabis is still a sticky issue for banks and other financial institutions because it remains illegal at the federal level. The cannabis industry might look like just another business for local police, where legal, but the DEA and other federal agencies have a different outlook.

Banking 52

Banking State Laws Law DEA 52

MJ Business Attorneys

SEPTEMBER 6, 2018

Fighting Investment Fraud in the Marijuana Business Industry. with defrauding investors about returns in cannabis businesses after Greenview used misleading marketing materials to raise over $3 million from investors. This is not the first SEC effort against investor fraud in the marijuana business industry.

Marijuana 100

Marijuana Compliance Compliance Media 100

Cannabis Law Report

MAY 11, 2023

CPA Practice Advisor Under the new state law, the business subject to the corporation business tax will be allowed to deduct from income all ordinary expenses associated with managing a licensed cannabis business New Jersey Governor Phil Murphy has signed a bill into law that makes it possible for New Jersey cannabis businesses to deduct some expenses (..)

Business 52

Business State Laws Cannabis Law 52

Cannabis Chronicles

JUNE 27, 2019

A month later, it held another work session on changes to the county’s land-use and planning code that would make way for legal cannabis and specify where pot businesses can be located. They also reflect updates to state law, such as eliminating “collective gardens,” which were previously used for medical marijuana.

Law 113

Law Retail State Laws Business 113

NORML

MARCH 21, 2020

Many state capitols around the country have suspended legislative sessions, continued to vote on key bills remotely, or have at the very least closed to the public and nonessential business. Following are the bills that we’ve tracked this week and as always, check NORML’s Action Center for legislation pending in your state.

Legislation 264

Legislation Access Patients Cultivation 264

NORML

APRIL 5, 2019

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Update : HB 19-1230 was approved by the House Committee on Business Affairs & Labor on 4/2/19.

Legislation 196

Legislation Banking Hemp Compliance 196

Cannabis Law Report

AUGUST 23, 2021

A 10% tax on marijuana sales would go to funding jobs, addiction treatment and community support for areas with marijuana businesses. Ohio’s medical marijuana businesses, several of which are backing the plan, could automatically get recreational marijuana licenses.

Law 105

Law Legalization Treatment State Laws 105

Cannabis Law Report

JUNE 6, 2023

Jeffrey Schultz has joined Foley Hoag LLP as a partner in its Business Department and Cannabis Industry practice, where he will focus on corporate and securities law matters, early company financings, and state-law cannabis regulatory matters. He is resident in the firm’s New York office.

State Laws 98

State Laws Law Cannabis Business 98

Cannabis Law Report

JUNE 8, 2021

We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry. Some of the biggest legal challenges that cannabis businesses face, such as the lack of access to banking, and merchant processing. He represents businesses throughout the hemp industry.

Hemp 105

Hemp CBD Legalization Banking 105

Cannabis Law Report

JUNE 3, 2022

Due to the cannabis industry making its way to New York State, Binghamton Mayor Jared Kraham said he wants to utilize the city for the opportunity of new jobs and investments in the area in a responsible way. On Thursday morning, a zoning map draft for future cannabis businesses in Binghamton was released.

Business 52

Business State Laws Recreational Cannabis 52

The Blunt Truth

MAY 28, 2020

The California State Bar Ethics Committee recently adopted Opinion No. 2020-202, which concludes that attorneys may ethically advise clients regarding compliance with California’s cannabis laws and assist them with conduct permitted under state law, despite the fact that the client’s conduct may be prohibited under federal law.

Compliance 107

Compliance Compliance State Laws Law 107

Cannabis Law Report

JANUARY 25, 2022

San Diego’s Cannabis Business Division received a $764,261 grant from the California Department of Cannabis Control , intended to develop tools to help businesses comply with local and state laws, it was announced Monday. Procure equipment and software to inspect, track and actively regulate licensed businesses.

Business 52

Business Compliance Compliance Education 52

Cannabis Law Report

SEPTEMBER 8, 2022

Businesses looking to enter New York’s recreational cannabis industry should be pleased to know recent changes to state tax laws are slowly making the venture more financially feasible. Due to this divide, cannabis businesses must consider tax implications at both the state and federal levels. Dustin Dorsino.

Business 52

Business THC Cannabis Treatment 52

Cannabis Chronicles

MAY 1, 2019

As the Clark County Council continues to reconsider its ban on recreational cannabis businesses, it’s turned its attention to where such companies would be allowed to set up as well as other land-use questions. Since then, cannabis businesses have proliferated in Vancouver. I don’t want to assume we are lifting the ban,” said Quiring.

Recreational 100

Recreational Retail State Laws Business 100

Cannabis Law Report

APRIL 17, 2023

. – Today, Congressman Earl Blumenauer, founder and co-chair of the Congressional Cannabis Caucus, introduced the Small Business Tax Equity Act which creates an exception to Internal Revenue Code Section 280E to allow marijuana businesses operating in compliance with state law to take deductions associated with the sale of marijuana like any […] (..)

Business 52

Business Treatment Compliance Compliance 52

Cannabis Law Report

SEPTEMBER 18, 2022

Akeed Abdo Ahmed Saleh, 38, is charged with possession of a controlled substance with intent to distribute and operating without a city business license. He was arrested after Starkville police executed a search warrant at his business, Bulldog Smoke Shop at 303 Dr. Martin Luther King Jr. 03 percent allowed by state law.

Packaging 97

Packaging Vaping THC State Laws 97

Cannabis Law Report

AUGUST 18, 2022

A Nebraska attorney can invest in a medical marijuana business in South Dakota because the investment wouldn’t violate state law or ethical rules, a Nebraska ethics committee said in a recent advisory opinion.

Recreational 98

Recreational State Laws Law Cannabis 98

Cannabis Law Report

MAY 29, 2021

DHC is pleased to announce a new Cannabis Practice Group to help cannabis retail, growers, distributors, processors, and investors navigate the new regulations associated with the law in ways that safeguard both public safety and business enterprise. Corporate Law: Corporate Formatting and Governance. Lobbying services.

Compliance 100

Compliance Compliance Safety Law 100

NewsMunchies

JULY 1, 2021

Supreme Court Justice Clarence Thomas recently said that the federal ban on the cultivation and use of marijuana within states “may no longer be necessary or proper” and that inconsistent enforcement led to “traps” for marijuana businesses. And yes, cannabis is still considered a “drug-related business” under U.S. federal law.

Marijuana 98

Marijuana Dispensary Business Treatment 98