Riverside County Police Shuts Down Illegal Cannabis Operations 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...
TSA States: You Are Now Cleared To Travel With Certain CBD Products. Just in time for summer! The Transportation Security Administration (“TSA”) quietly changed its cannabis policy over the Memorial Day weekend to allow passengers to bring some forms of cannabidiol...
NFL Considers Options For Medical Use Of Cannabis On May 20, 2019 the National Football League (“NFL”) announced that it is considering lifting its ban on use of cannabis by players. The NFL and National Football League Players Association (“NFLPA”) will be looking to...
Illinois Government Officials Announce Major Step Forward to Legalize Adult Use Cannabis - If You Can’t Beat Them, Then Join Them! On May 4, 2019 Illinois Governor JB Pritzker (Dem.) and key lawmakers announced that they have agreed on a framework to legalize adult...
STATES Act Reintroduced In Congress To End Cannabis Prohibition – 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...
Do You Have A Business That Involves Transactions In Cash? Beware Of IRS Required Filings That If Not Followed Could Lead To Penalties And Jail-time. While there is no law making it illegal to transact business with cash, the IRS has an interest in requiring parties...
Cannabis Businesses Getting Ready To Prepare Your 2018 Tax Returns – Don’t Miss Out On These Tax Benefits! The Tax Cuts And Jobs Act Of 2017 (“TCJA”) was signed into law by President Trump on December 22, 2017. It has been a good 30 years since the last time the...
Portland Cannabis Business Owner Receives Federal Prison Sentence For Tax Crimes The U.S. Attorney’s Office for the District Of Oregon announced on September 17, 2018 in a press release that Matthew Price, age 32, of Portland, was sentenced to seven months in federal...
IRS Announces Its Position On Cannabis – Could 2019 Be A Banner Year For IRS Audits Of Cannabis Businesses? We previously reported in our blog that the Trump Administration organized a committee of federal agencies from across the government to combat public support...
