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California Raising Cannabis Taxes In 2025

California Raising Cannabis Taxes In 2025

The California Department Of Tax And Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis, in consultation with the Department Of Finance, is required by law to adjust the cannabis excise tax rate for the 2025-26...

Tennessee Storm Victims Qualify For IRS Tax Relief

Tennessee Storm Victims Qualify For IRS Tax Relief

On April 14, 2025 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in the entire state of Tennessee affected by severe storms, straight-line winds, tornadoes and flooding that began on April 2, 2025. These taxpayers now have until...

Arkansas Storm Victims Qualify For IRS Tax Relief

Arkansas Storm Victims Qualify For IRS Tax Relief

On April 14, 2025 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in the entire state of Arkansas affected by severe storms, tornadoes and flooding that began on April 2, 2025. These taxpayers now have until November 3, 2025, to...

New Mexico Legalizes Psilocybin (“Magic Mushrooms”) Therapy

New Mexico Legalizes Psilocybin (“Magic Mushrooms”) Therapy

On April 7, 2025, New Mexico Governor Michelle Lujan Grisham signed into law SB-219, the Medical Psilocybin Act (the “Act”), making New Mexico the third state in the country to create a legal pathway for patients to access psilocybin, a naturally occurring psychedelic...

West Virginia Storm Victims Qualify For IRS Tax Relief

On March 14, 2025 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in parts of West Virginia affected by severe storms, straight-line winds, flooding, landslides and mudslides that began on February 15, 2025. These taxpayers now...