Cannabis businesses, while legal in many states, face many challenges due to federal law. One of the significant challenges is federal effective tax rates that can easily exceed 50%. The high effective tax rates are caused by...more
The state of New York apparently has consented to a court injunction temporarily prohibiting it from changing its interpretation of its own rules on how far a cannabis dispensary must be from a school or house of worship....more
President Trump has indicated he may ease federal restrictions on marijuana, specifically by rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA). This would be the first move his...more
8/15/2025
/ Administrative Procedure Act ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
DEA ,
Department of Justice (DOJ) ,
Food and Drug Administration (FDA) ,
Marijuana ,
Popular ,
Research and Development ,
Tax Deductions ,
Trump Administration
On August 12, 2025, the U.S. Court of Appeals for the Second Circuit ruled that New York’s adult-use cannabis licensing scheme, which gives “Extra Priority” to applicants (or certain relatives) with New York State marijuana...more