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...
Another Alleged Member Of “Operation Silk Road” Returning To The U.S. To Face Federal Charges Federal prosecutors allege Clark Davis was a key figure in the development of Silk Road and advised Ross Ulbricht on all aspects of the criminal enterprise. The U.S....
Darknet Narcotics Vendors Selling to Thousands of U.S. Residents Accused Of Tax Crimes Just because a State like California 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...
California Opens Its Marketplace To Marijuana Businesses In 2018 On November 8, 2016, California voters approved Proposition 64, the Adult Use of Marijuana Act (“AUMA”). AUMA created a statewide regulatory and licensing system for adult-use marijuana...
Beware Of New Invoicing Rules And Taxes Starting In 2018 For California Cannabis Businesses The California Department of Tax and Fee Administration (CDTFA) which oversees the reporting and collection of taxes for the California cannabis industry under Emergency...
April 30th Deadline Looming For Cannabis Businesses Operating Under Temporary Licenses The California Bureau Of Cannabis Control (the “BCC”) announced that temporary licenses for retailers, distributors, microbusinesses, testing laboratories and cannabis event...
