Welcome to our latest blog post where we delve into the intricacies of Employee Stock Ownership Plans (“ESOPs”). Scott H. Moskol, a partner and co-chair of the Cannabis practice at Blank Rome, and Jason S. Luter, a partner,...more
As we enter Q2 of 2025, the cannabis industry has become increasingly pessimistic about the elimination of Section 280E of the Internal Revenue Code, whether via rescheduling or otherwise. Rescheduling appears unlikely in the...more
5/2/2025
/ Business Ownership ,
Cannabis-Related Businesses (CRBs) ,
Capital Gains ,
Employee Benefits ,
ESOP ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investors ,
State Taxes ,
Tax Exemptions ,
Tax Liability ,
Tax Planning
After years of speculation, the Associated Press (“AP”) announced yesterday that the U.S. Drug Enforcement Administration (“DEA”) will move to reclassify cannabis from a Schedule I to a Schedule III substance under the...more