Governor Newsom’s California Comeback Plan Proposes Millions in Funding for Cannabis On May 14, 2021 the California Bureau of Cannabis Control issued a press release announcing Governor Newsom’s “California Comeback Plan” which proposes $100 million in grant funding...
National Park Service Seizes Illegal Cannabis In Death Valley 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 substance due to the historical belief...
Cannabis Consumption Trends: Older Patients More Likely to Consume Cannabis Tinctures, High-CBD Products According to an analysis of sales data published in the journal Cannabis and Cannabinoid Research, older patients are more likely to purchase sublingual...
Why Taxpayers Involved In Offshore Accounts, Cryptocurrency Or Cannabis Should Be Filing An Extension For Their 2020 Income Tax Returns. If you did not report your offshore accounts, cryptocurrency income or cannabis income earned before 2020, you should hold off on...
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...
