If You Can’t Beat Them, Then Join Them! Senators Introduce Bipartisan Bill To Protect State Laws On Marijuana 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 Entrepreneurs Accused Of Tax Crimes Just because a State like Oregon has legalized cannabis you cannot assume that the Feds will not pursue any charges and look to shut down your business. Regardless of what type of business you operate, any business...
How The Feds Are Going After Cannabis Businesses Now That The Cole Memo Has Been Revoked On January 4, 2018, Attorney General Jeff Sessions rescinded previous Justice Department guidance related to enforcement of federal marijuana laws. This guidance was known as the...
If You Can’t Beat Them, Then Join Them! Feinstein added to the list of politicians as a new ally to legalizing marijuana. Under Federal law marijuana is designated as a Schedule I controlled substance and therefore is illegal under Federal law. Despite California’s...
Cannabis Business Owners. You have questions? Get the answers you seek regarding tax and IRS. The cannabis industry is growing at record pace. While Marijuana businesses may have their state and local approval to operate, federal support is still ambiguous and unclear...
If You Can’t Beat Them, Then Join Them Under Federal law marijuana is designated as a Schedule I controlled substance and therefore is illegal under Federal law. Republican congressman, John Boehner, now age 68 who was first elected to the House of...
How Israel Is Dominating Global Medical Cannabis Research Despite An Anti-Federal U.S. Climate Most people would be surprised to hear that Israel is the global leader in medical cannabis research. Not a surprise here considering that Israel is already known as...
Attention California Cannabis Distributors: First Quarter 2018 Cannabis Tax Return Is Due April 30, 2018 Starting in 2018, cannabis distributors must file quarterly tax returns with the California Department Of Tax And Fee Administration (“CDTFA”). The cannabis...
California’s Cannabis Cultivation Tax – It’s How The State Gets Its Cut After The Harvest On November 8, 2016, California voters approved Proposition 64, Control, Regulate and Tax Adult Use of Marijuana Act. In 2017, to align the requirements for licensing and...
Why Taxpayers Involved In Offshore Accounts, Crypto-Currency Or Cannabis Should Be Filing An Extension For Their 2017 Income Tax Returns. If you did not report your offshore accounts, crypto currency income or cannabis income earned before 2017, you should hold...
