Cannabis would move to Schedule III from Schedule I under this reclassification. In a move long awaited by the cannabis industry, the Drug Enforcement Administration (DEA) has decided to re-schedule cannabis. Currently...more
In a recent legal development that underscores the intricate interplay between federal bankruptcy law and the cannabis industry, a court case has emerged involving a bankruptcy filing by an employee of a cannabis company....more
4/19/2024
/ Bankruptcy Code ,
Bankruptcy Court ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Chapter 13 ,
Consumer Bankruptcy ,
Controlled Substances ,
Controlled Substances Act ,
Debtors ,
Dispensaries ,
Marijuana ,
Marijuana Related Businesses ,
State and Local Government
College athletes around the country may soon be in for an unexpected change in drug testing requirements. The NCAA Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) recently showed support for removing...more
Recently, I had the opportunity to moderate panels on cannabis and commercial real estate at programs held in Los Angeles and Chicago. I won’t say it was the best of times or the worst of times, but I will say “it was the...more
2/18/2020
/ Agribusiness ,
Cannabis-Related Businesses (CRBs) ,
Commercial Leases ,
Commercial Tenants ,
Community Development ,
Controlled Substances Act ,
Dispensaries ,
Hemp Related Businesses ,
IRS ,
Landlords ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Property Owners ,
Recreational Use ,
Security Standards ,
Tax Liability ,
Urban Planning & Development
If you are in the cannabis industry, you should already know Section 280E of the Internal Revenue Code. It consists of only one sentence...more
1/31/2020
/ Agribusiness ,
Audits ,
Business Development ,
Business Expenses ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Hemp ,
Hemp Cultivation ,
Hemp Related Businesses ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRC Section 280E ,
IRS ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Retail Market ,
Tax Deductions ,
Tax Liability ,
Tax Planning
Marijuana is estimated to be a $10 billion industry and rapidly growing. Almost all of it is conducted in cash. Although legal in thirty three states plus Washington, D.C., Puerto Rico and Guam, marijuana remains illegal at...more
5/7/2019
/ Banking Regulators ,
Banking Sector ,
Controlled Substances Act ,
Criminal Proceeds ,
Decriminalization of Marijuana ,
Dispensaries ,
Distributors ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
FinCEN ,
Legislative Agendas ,
Manufacturers ,
Marijuana ,
Marijuana Related Businesses ,
Money Laundering ,
SAFE Act ,
Safe Harbors ,
Suspicious Activity Reports (SARs)