News & Analysis as of

Limited Liability Company (LLC) Marijuana Related Businesses

Husch Blackwell LLP

CDTFA Cannabis Creditor: Myths and Truths

Husch Blackwell LLP on

Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of those is the California Department of Tax and Fee Administration (CDTFA),...more

Patton Sullivan Brodehl LLP

LLC Membership Interests Are “Personal Property”

When LLC membership interests suffer harm at the hands of wrongful conduct by another member or the LLC’s manager, the litigation claims are usually based on fiduciary duties, including the duty of good faith and fair dealing...more

Fox Rothschild LLP

New York’s Adult-Use Cannabis Law: Multifaceted Licensing With A Purpose

Fox Rothschild LLP on

First in a series on the New York State Cannabis/Marijuana Regulation & Taxation Act- New York state recently passed long-awaited adult-use cannabis legislation, taking the lead on other key jurisdictions with medical...more

Rosenberg Martin Greenberg LLP

Loughman Case Illustrates Potential Impact of Entity Choice on Income Tax Liability for Cannabusinesses

Recognition of Internal Revenue Code (“I.R.C.”) § 280E and its potential to limit deductions can have a material impact on the ongoing operation of a cannabusiness. While operational concerns require attention, improper tax...more

Foster Garvey PC

How to Avoid Litigation in Uncertain Times

Foster Garvey PC on

The shredding of the Cole memo last month leaves the cannabis industry in an uncertain regulatory environment. Industry-wide anxiety of this sort can sometimes breed business disputes that wind up in litigation. Besides...more

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