Blogs & Articles

May 24, 2016

What is a proven strategy that allows state-sanctioned marijuana businesses to sidestep the negative tax impact of 280E? Unfortunately, cannabusinesses cannot be exempt under LR.C. 501(C) because of the “public policy doctrine” that prevents charities from having reaso...

May 3, 2016

Companies cannot make deductions disclosing unlawful money management when to allow such deductions would hurt the national or state policy that prohibits the alleged actions. Federal law implies that Congress can enforce certain provisions that restrict deductions in...

May 3, 2016

A company that is setting up a non-profit Mutual Benefit Corporation should obtain a seller's permit if the firm is going to sell or lease products at wholesale or retail levels for which they will have to collect sales tax. All firms must file their BOE which is the C...

May 3, 2016

 

Marijuana contracts are a hot topic today due to cannabis legalization efforts and it is important for Californians to understand whether or not marijuana contracts are enforceable by the state. Activities that are legal under state law but illegal under federal law r...

April 12, 2016

The Washington State Liquor and Cannabis Board announced that it would implement a rule allowing United States investors to finance the state’s legal marijuana industry. Colorado initially opposed the idea and the state made it mandatory for investors to establish a tw...

April 6, 2016

California is pushing towards legitimizing the recreational use of marijuana and 10 legalization initiatives are likely to appear on the Golden State’s November 2016 ballot. Cannabis reform is inevitably leading the way and we see the positive growth as legalization is...

April 5, 2016

Oregon citizens are on their way to being able to purchase recreational marijuana from retailers that also sell edibles and extracts thanks to Governor Kate Brown’s signature on March 24. The health authorities have requested that the state hold off from selling edible...

March 8, 2016

States that sell cannabis legally in the United States are tightly controlled by the federal government and the fed has required that Cannabusinesses detail every aspect of the process from cultivation to the distribution of the plant. Cultivators must preserve an accu...

March 1, 2016

March is a pivotal month as the election will focus the spotlight on the primaries and the delegates are looking for ways to gain the support of voters. Cannabis is a big topic for the candidates and especially in the states where marijuana is being addressed as a legi...

January 22, 2016

United States Senate advocates Rand Paul, Kirsten Gillibrand and Cory Booker proposed bipartisan cannabis legislation known as the Compassionate Access, Research Expansion and Respect States Act (CARERS Act). The supporters of the bill are affiliated with the Carers ri...

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