Mexico Closer To Legalizing Cannabis While the United States federal government refuses to make any use of marijuana legal and maintains banking and taxing roadblocks to the cannabis industry and despite a growing number of States legalizing cannabis, Canada has made...
Riverside County Sheriff’s Office Announces Shutdown Of Another Illegal Cannabis Enterprise Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled...
The U.S. Attorney’s Office for the Southern District Of Florida announced on February 23, 2021 in a press release that the Justice Department (DOJ) filed a complaint in the U.S. District Court for the Southern District of Florida seeking to bar three Miami...
The IRS announced on February 22, 2021 that victims of this month's winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief to any area...
How IRS Trains Its Agents To Conduct Audits Of Cannabis Businesses In January 2015, the IRS issued a memo to provide guidance to its agents on conducting audits of cannabis businesses addressing whether an IRS agent can require a taxpayer trafficking in a Schedule 1...
If You Can’t Beat Them Join Them – States Trending Green In February 2021. Following election results last Fall, this month New Jersey, Alabama and Virginia legislatures are moving forward to enact legislation legalizing and regulating cannabis. Alabama - The Alabama...
Cannabis Operators Deemed “Essential” in California And Are Eligible To Receive The COVID-19 Vaccine Cannabis Retailer workers have been moved up to PHASE 1A in Governor Newsom’s COVID-19 Vaccine Allocation Guidelines released February 4, 2021. Updated COVID-19...
The Recovery Rebate Credit is authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the COVID-related Tax Relief Act. It is a tax credit against your 2020 income tax. Generally, this credit will increase the amount of your tax refund or...
Tips For Cannabis Businesses To Prepare for the 2020 Tax Filings On January 15, 2021, the Internal Revenue Service (IRS) announced that it will process 2020 tax returns beginning February 12, 2021. April 15th Filing Deadline. The filing deadline to submit 2020 tax...
Does Cannabis Use Increase The Risk Of Cardiovascular Disease? According to a report published on January 23, 2021 by the U.S. National Library Of Medicine National Institutes Of Health, in a study involving over 57,000 adults who consumed cannabis in any form...
