California Cannabis Tax Relief Coming? Check Out Assembly Bill 286 - the Temporary Cannabis Tax Reduction Bill. A bill was just re-introduced in the California legislature that would give legal cannabis businesses a tax break to help them thrive and level the playing...
cannabis legalization
Another Medical Cannabis Breakthrough! How Cannabis May Help Relieve Autism Symptoms
Another Medical Cannabis Breakthrough! How Cannabis May Help Relieve Autism Symptoms Israeli researchers record sharp improvement in measures such as quality of life, ability to dress and shower independently after 6 months of cannabis oil treatment according to an...
Is The U.S. Attorneys’ Office Poised To Help Support The Cannabis Industry?
Is The U.S. Attorneys’ Office Poised To Help Support The Cannabis Industry? On January 4, 2018, former U.S. Attorney General Jeff Sessions announced the revocation of what is known in the cannabis industry as the “Cole Memo”. Attorney General Nominee William Barr...
Congressman Introduces Cannabis Legalization Bill H.R. 420 – If You Can’t Beat Them, Then Join Them!
Congressman Introduces Cannabis Legalization Bill H.R. 420 – If You Can’t Beat Them, Then Join Them! Under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical belief that it has a...
New Congressional Cannabis Caucus Co-Chairs Announced
New Congressional Cannabis Caucus Co-Chairs Announced The departure of Representatives Jared Polis and Dana Rohrabacher from Congress left vacant two seats on the bipartisan Congressional Cannabis Caucus (the “Caucus”) so on January 9, 2019, the new leadership team of...
Can Cannabis Help People With Alcohol-Induced Pancreatitis?
Can Cannabis Help People With Alcohol-Induced Pancreatitis? Pancreatitis is an increasingly common clinical condition that causes significant morbidity and mortality. The pancreas is an organ/gland that is adjacent to the small intestine and behind the stomach. The...
U.S. Tax Court Deals Another Blow To The Cannabis Industry
U.S. Tax Court Deals Another Blow To The Cannabis Industry The Federal Controlled Substances Act (“CSA”) 21 U.S.C. § 812 classifies marijuana as a Schedule 1 substance with a high potential for abuse, no currently accepted medical use in treatment, and lack of...
Harborside Finally Gets A Win In U.S. Tax Court Getting Tax Penalties Abated
Harborside Finally Gets A Win In U.S. Tax Court Getting Tax Penalties Abated Having been beaten in an opinion issued by the U.S. Tax Court just weeks before where the Court ruled that IRC §280E does apply to Harborside (Click here for the Court’s opinion: Patients...
President Trump Signs 2018 Farm Bill Legalizing Hemp, Will Cannabis Follow?
President Trump Signs 2018 Farm Bill Legalizing Hemp, Will Cannabis Follow? Every five years, Congress passes legislation that sets national agriculture, nutrition, conservation, and forestry policy, commonly referred to as the “Farm Bill”. On December 20, 2018...
California Cannabis Collective Law To Sunset On January 9, 2019 Putting Certain Cannabis Businesses Out Of Business
California Cannabis Collective Law To Sunset On January 9, 2019 Putting Certain Cannabis Businesses Out Of Business Soon nonprofit collectives and cooperatives dispensing cannabis to medical patients will be illegal in California. In 1996 the voters of California...