With a stroke of his pen on Wednesday, Governor McKee signed the bill that dramatically changes the landscape for marijuana cultivation, possession, sale and use in Rhode Island. Many of the changes are effective immediately....more
Can the President unilaterally legalize marijuana under federal law? In early November, Congressional researchers concluded that, while President Biden cannot directly remove marijuana from control under federal controlled...more
Massachusetts consumers finally have a new way to obtain recreational marijuana. In recent weeks, marijuana delivery services have started to operate in the Bay State. But customers are quickly learning that the process is...more
A Rhode Island Superior Court judge recently cited the trend of decriminalizing and legalizing marijuana in granting a motion to suppress evidence that was obtained during a 2019 search of a vehicle after a traffic stop....more
A few weeks ago, we wrote that “political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass.” It seems our prediction was premature and it is becoming more likely that the...more
In the past few months, sales of Delta-8 tetrahydrocannabinol, also known as “Delta-8 THC” or “weed light,” have grown tremendously. So, it’s popular. But is it legal? At the federal level, the answer is hazy. And in Rhode...more
3/16/2021
/ Cannabidiol (CBD) oil ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
DEA ,
Farm Bill ,
Food and Drug Administration (FDA) ,
Hemp ,
Hemp Related Businesses ,
Marijuana ,
THC
All signs look favorable for the legalization of adult-use marijuana in Rhode Island in 2021. For many years, the legislative session in January started out with the same optimism, but then hope would fade out as other...more
Last month, the Massachusetts Cannabis Control Commission (CCC) approved the creation of two types of delivery licenses for adult-use marijuana: delivery operator and courier. The licenses will initially be available only to...more
The Internal Revenue Service (IRS) issued guidance on Thursday, September 10, 2020, to marijuana businesses. The new guidance does not change existing IRS rules, but briefly explains the rules for reporting income, paying...more
10/15/2020
/ Cash Transactions ,
Dispensaries ,
Financial Records ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
New Guidance ,
Popular ,
Tax Credits ,
Tax Deductions ,
Tax Liability ,
Tax Planning
BluHawaii. Purple Kush. Willie’s Reserve. Kiva. California Finest. Altai. Are these the names of new beverages? To the contrary, these are some brand names for competing strains of marijuana.
Legalized marijuana sales in...more