tax-authority cannabis 
Hoban Law Group
APRIL 13, 2021
have legalized cannabis for recreational adult use. A whopping 36 states have laws on the books regulating medical cannabis usage. But cannabis entrepreneurs are in a tricky situation. Though legal to produce or sell in their respective domiciled states, at the federal level cannabis is still considered a Schedule I substance.
Hoban Law Group
MAY 18, 2021
Recitals would also be useful to spell out any special tax or regulatory treatment of a transaction, such as whether a transaction is structured as an IRC Section 368 tax-free reorganization or has special regulatory issues under a state-legal retail cannabis regime. Definitions. These promises are critical!
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JonathanTurley
JUNE 29, 2021
Peter Hermes, Kevin Desilet, Samantha Murphy, and John Murphy refused to verify their tax liabilities because they feared criminal prosecution. The Tenth Circuit upheld the district court decision in favor of the IRS and its authority to conduct the audit. Thomas noted that in 2005 a fractured divided court ruled Gonzales v.
Broadcast Law Blog
APRIL 15, 2021
They can be dealing with a state-wide issue, like a ballot issue on gambling or cannabis matters, or a state legislative issue (e.g., write your representative in insert state capital here and tell them to vote against the bill to impose a tax on bottles or to vote for a funding proposal for the new sports stadium).
At the Lectern
NOVEMBER 22, 2023
Superior Court (Mitchell) and limited the issues to: “(1) Does Penal Code section 1238 authorize an appeal by the People from a superior court’s post-preliminary hearing, prejudgment order reducing a felony ‘wobbler’ offense to a misdemeanor? (2) The court granted review in People v. Bartholomew (2022) 85 Cal.App.5th
FDA Law Blog
FEBRUARY 11, 2024
The wide range of assertions supporting or opposing Health and Human Services’ (“HHS’”) recommendation that the Drug Enforcement Administration (“DEA”) reschedule cannabis federally from schedule I to schedule III would lead an outsider to conclude that commenters are referring to different substances.
FDA Law Blog
DECEMBER 14, 2023
Houck — Last week, in a letter thanking President Joe Biden for his leadership to federally reschedule cannabis, Democratic governors sought to make the case for rescheduling. However, anyone reading the letter would take away the impression that rescheduling to schedule III would legalize cannabis for medical and recreational use.
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