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A cannabis retailer, and those who collect debt on their behalf, may not be governed by the Fair Debt Collection Practices Act (FDCPA), but they probably should act like it. The FDCPA is applicable when a third-party attempts to collect on a debt which obligates a consumer to pay for…
Continue Reading Debt Collection Compliance Considerations for Cannabis RetailersBarstow, California, is located in San Bernadino County in Southern California’s Mojave Desert. The city…
Continue Reading Are Cannabis “Super Centers” a Cure for the Wheezing American Mall?Minnesota Adult-Use Cannabis Bill Moves Through Committees as New Local Government Powers Added
Minnesota’s recreational adult-use cannabis bill, HF100 in the House and its companion SF 73 in…
Continue Reading Minnesota Adult-Use Cannabis Bill Moves Through Committees as New Local Government Powers AddedToday, January 5, 2023, the Minnesota House of Representatives introduced its newest bill proposing the…
Continue Reading Minnesota Legislature Introduces Bill Proposing Legalization of Adult-Use CannabisThe Latest
FinCEN Confirms Marijuana Banking Guidance Remains in Place Despite DOJ Policy Reversal
Reuters is reporting today that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) was caught off guard by Attorney General Jeff Sessions’ announcement last week that the Justice Department was…
Continue Reading FinCEN Confirms Marijuana Banking Guidance Remains in Place Despite DOJ Policy ReversalThe Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has released updated statistics showing a steady increase in the number of depository institutions that actively bank U.S. marijuana businesses. As of…
Continue Reading Federal Data Shows More Banks Are Serving Marijuana BusinessesVenture capital is playing a growing role in the country’s emerging legal cannabis industry. Attorneys Emily J. Yukich and Matthew R. Kittay of Fox Rothschild’s Emerging Companies & Venture Capital…
Continue Reading ABA Panel Tackles Venture Investing in Cannabis CompaniesThe Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) recently issued a Marijuana Banking Update, with data through March 31, 2017. The number of banking institutions…
Continue Reading Marijuana Banking Update Issued by FinCENDon’t Ignore These Crucial Tax Issues When Setting Up Your Marijuana Business
Tax and accounting issues you should not ignore when setting up your marijuana business:
The Trouble with Cash Based Businesses
Internal Controls – any cash based business is closely scrutinized…
Continue Reading Don’t Ignore These Crucial Tax Issues When Setting Up Your Marijuana Business