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“The People of the State of Arizona find and declare the following: A. Marijuana’s recorded use as a medicine goes back nearly 5,000 years, and modern medical research has confirmed beneficial uses for marijuana in treating or alleviating the pain, nausea and other symptoms associated with a variety of debilitating medical conditions, including cancer, multiple sclerosis and HIV/AIDS, as found by the National Academy of Sciences’ Institute of Medicine in March 1999.”.
The two categories of medical cannabis were first established by researchers in the 18th century. After noticing physical and chemical differences between plants from different geographical regions, strains were grouped as either Cannabis indica or Cannabis sativa. Knowing the differences between these and other types of medical cannabis will make it easier for you to find the best cannabis strains for your unique health symptoms.
It’s not quite the classic tale of the nuns fighting to save the monastery but rather a modern spin on that tale: two “women of the cloth” taking a courageous stand against the city council of Merced, California in the hopes of keeping their humble business intact. But that humble business is the manufacturing of cannabidiol oil and other marijuana-based products from a small crop of cannabis plants growing in the women’s garage.
It’s been a busy summer for cannabis business Section 280E controversy, with three published cases ( Alterman v. Commissioner ; Loughman v. Commissioner ; and Alpenglow Botanicals, LLC v. U.S. ) construing the statute, and generally not in favor of the taxpayer-cannabis business. The limitations of Section 280E and their effects on after tax profits should be fairly familiar to cannabis entrepreneurs, but to keep things fresh in your minds, the statute provides: [n]o deduction or credit sh
Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken
The U.S. cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it.
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