Welcome back to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.
This month's highlights include:...more
9/20/2024
/ Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
DEA ,
Delaware ,
Final Rules ,
Hemp ,
Hemp Related Businesses ,
Licensing Rules ,
Notice of Intent ,
Schedule I Drugs
Welcome to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.
This month's highlights...more
Welcome to the buzz, our monthly cannabis news and policy update. Your at-a-glance source for regulatory developments, agency announcements, and trends impacting the cannabis industry.
- This month's highlights include: ...more
7/19/2024
/ Business Licenses ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Comment Period ,
Commercial Litigation ,
Deadlines ,
Hemp ,
Hemp Related Businesses ,
Internal Revenue Code (IRC) ,
IRC Section 280E ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
Proposed Rules ,
Public Comment ,
Regulatory Agenda ,
Regulatory Requirements ,
Rulemaking Process ,
Schedule I Drugs ,
State and Local Government ,
State Legislatures
The DEA announced on Tuesday it will accept the Health and Human Services Department’s (HHS) recommendation to reclassify cannabis from Schedule I to Schedule III under the Controlled Substances Act.
This move will have a...more
The IRS has recently made two significant announcements regarding Employee Retention Credit or “ERC” claims. First, on September 14th, 2023, the IRS announced an immediate moratorium on the processing of ERC claims through...more
Bankruptcy can be a remarkable tool for rehabilitating a struggling business, preserving jobs and going-concern value, and liquidating the assets of an insolvent company.
The drafters of this country's bankruptcy laws...more
10/13/2023
/ Bankruptcy Code ,
Bankruptcy Court ,
Cannabis-Related Businesses (CRBs) ,
Chapter 11 ,
Controlled Substances Act ,
Debtors ,
Department of Justice (DOJ) ,
Dismissals ,
Liquidation ,
Motion to Dismiss ,
Recovery Plans ,
Shareholders ,
U.S. Treasury
Based on a news report from Bloomberg earlier this morning, the Department of Health and Human Services (HHS) has recommended to the Drug Enforcement Agency (DEA) that marijuana be reclassified as a Schedule III drug under...more
The cannabis industry is in distress. Despite continued market expansion and the increasing number of states legalizing adult use, business owners still grapple with lingering supply-chain issues from the pandemic, an...more
In November 2022, Colorado passed Proposition 122 (Prop 122), arguably one of the nation's first "legalize and regulate" natural psychedelic medicine laws, and people are already filled with romantic images of magic mushroom...more
If you didn’t attend the American Bar Association’s Section of Taxation meeting last week, you may have missed that IRS Counsel confirmed they will not automatically challenge a Section 199A qualified business income...more
The State of Nevada’s Cannabis Compliance Board is set to open the application window for licensing marijuana consumption lounges across the state on October 14. The application window will only be open for 10 business days...more
Confused by the legal status of Delta-8? Why wouldn’t you be?… it is confusing. Delta-8 is a legally complicated derivative of the Cannabis Sativa plant. As the FDA acknowledges, “Delta-8 THC is one of over 100 cannabinoids...more
Today the Internal Revenue Service (IRS) announced that it is launching a new Cannabis/Marijuana Initiative. The purported goal of this initiative is to “implement a strategy to increase voluntary compliance with the tax law...more
Colorado’s 2021 legislative session included numerous changes to the state’s cannabis laws. Here is what your Colorado cannabis business needs to know.
HB 21-1317 Regulating Marijuana Concentrates -
Changes to...more