IRS Commissioner Tells Congress That He Prefers Cannabis Businesses Be Able To Pay Taxes Electronically In a hearing before the House Appropriations Financial Services and General Government Subcommittee on February 23, 2021, IRS Commissioner Charles Rettig told...
If You Can’t Beat Them Join Them - New York State Legalizes Recreational Marijuana Democratic Governor Andrew M. Como signed the Marijuana Regulation And Taxation Act (S.854-A/A.1248-A) into law on March 31, 2021 - $2.5 billion market expected. Governor Como’s office...
The IRS announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15th, such as making IRA contributions and filing certain claims for refund. Additionally, the IRS announced that the purchase of personal...
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...
