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)
On June 25, 2018, the Food and Drug Administration (“FDA”) approved Epidiolex (cannabidiol), the first marijuana derived drug for use in the United States, to treat two rare forms of epilepsy....more
New regulations proposed by the District of Columbia affect the recordation tax exemptions for purchase money deeds of trust not recorded simultaneously with the deed, deeds of trust recorded to refinance construction loans...more
The proposed Tax Cuts and Jobs Act released by the House of Representatives on November 2, 2017 calls into question the position long taken by government pension plans that they are exempt from the unrelated business income...more
To read many of the media reports, the United States has withdrawn sanctions on Iran and Iran is now open for business. Contrary to such reports, the United States sanctions on Iran remain substantially unchanged.
...more