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...
What To Look For In Hiring A Cannabis Tax Lawyer With the legalization of medical and recreational cannabis in California there has been an increase in inquires to our office by people who are just entering into the cannabis market place or looking to provide...
Federal Senators Introduce Cannabis Legalization Bills - 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 a high...
Epidiolex: FDA approves another cannabis-derived prescription medicine On June 25, 2018 the U.S. Food And Drug Administration (“FDA”) issued a press release approved Epidiolex (cannabidiol) [CBD] oral solution for the treatment of seizures associated with two rare and...
New Cannabis Testing And Packaging Rules Now In Effect – How Does This Impact The California Market? The Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) creates the general framework for the regulation of commercial medicinal and adult-use...
