Cannabis M&A: Pain Points and Opportunities
Cannabis Law Now Podcast: Inside a Top MSO with Jushi's EVP of Legal Affairs Matt Leeth
Cannabis Law Now Podcast: Farmers First According to Humboldt Trim Company
The Presumption of Innocence Podcast: Episode 27 - Blazing Trails: Cannabis Law in the Garden State
A Changed Legal Landscape? Analyzing California’s New Cannabis Laws
Obtaining a Recreational Marijuana License from Your Local Municipality
A Path Toward Legalizing Interstate Cannabis Sales? Analyzing California Senate Bill 1326
It’s Not Easy Being Green: How To Comply with the Latest Cannabis Regulations
Catching up on Recent Cannabis Developments in New York State
[Webinar] Minor Cannabinoids & Trending Topics in Hemp
Cannabis Law Podcast: 2021 Cannabis Law Year in Review
MJBizCon is Back: Takeaways from the 2021 Conference
Don’t Put Borat on Your Billboards – And More I.P. Advice for Cannabis Companies
Credit Eco to Go Podcast: Cannabis Banking… From the Inside
Edible Bites Episode 9: Emerging Issues in Cannabis Privacy
Getting to Know Us and Our Podcast
Federal Regulation and Cannabis: Will Uncle Sam and Aunt Mary Jane Live Happily Ever After?
Cannabis During and After the Pandemic
Recreational Marijuana Use Legalized in NYS – Your Questions Answered
Edible Bites Episode 6: Cannabis Business and Taxes Under IRC Section 280E
In January, we published an article in this newsletter on the state of cannabis taxation, including a discussion of the crippling impact of Internal Revenue Code §280E (IRC §280E) on the industry. Since that article was...more
The various forms of information reporting required by the Internal Revenue Code form the backbone of both voluntary compliance with tax laws and the starting point for audits by the Internal Revenue Service (IRS). One form...more
The marijuana industry has seen exponential growth over the past few years. However, the federal prohibition of marijuana poses significant challenges for businesses in this sector, in terms of payment processing and banking....more
The cannabis industry has experienced significant growth over the past decade, with increasing numbers of states legalizing both medical and recreational use. Currently, cannabis is legal for adults in 24 states and the...more
On June 21, 2021, the U. S. Supreme Court declined to hear Eric D. Speidell, et al., Petitioners v. United States, which sought to overturn the Tenth Circuit Court of Appeals’ 2020 opinion on Speidell v. United States. In...more
In episode 6 of the Edible Bites video webinar series, McGuireWoods’ Kate Hardey and Royce DuBiner had Kevin Michaelan, a senior manager at CohnReznick, drop in to dispel long-held assumptions of cannabis businesses and...more
The IRS recently indicated that it does not plan to reevaluate its position which precludes cannabis dispensaries from taking deductions for business costs and expenses under Section 280E of the Internal Revenue Code. The...more
One of the most frustrating issues facing the US’s burgeoning cannabis industry has been the inequitable tax treatment that cannabis businesses face as compared to other industries. The IRS’s guidance for one section of the...more
The Internal Revenue Service (IRS) issued guidance on Thursday, September 10, 2020, to marijuana businesses. The new guidance does not change existing IRS rules, but briefly explains the rules for reporting income, paying...more
As discussed in more detail in my prior post, Alpenglow Botanicals (“Alpenglow”) is a state licensed Marijuana dispensary based in Colorado. Alpenglow was audited for several tax years and the IRS made adjustments, denying...more