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Maryland and Missouri legalized cannabis in their 2022 midterm elections. They join 19 other states and the District of Columbia in allowing adults to use marijuana recreationally.
Cannabis wasn’t the only drug whose recreational use was legalized in the 2022 midterms, however. Colorado voters unearthed a new bud.
In the…
Continue Reading Midterm Round-Up: Cannabis and Psychedelics in the U.S.Missouri has legalized marijuana. It joins 20 other states and the District of Columbia in…
Continue Reading Midterm Round-Up: Marijuana in MissouriMaryland has legalized cannabis. It joins 20 other states and the District of Columbia in…
Continue Reading Midterm Round-Up: Maryland Legalizes CannabisChanges regarding cannabis law in Minnesota are underway as HF3595 passed as part of an…
Continue Reading Minnesota CBD – 5mg THC per serving; 50mg THC per packageThe 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