With recent litigation indicating potential further delays for the distribution of additional adult-use dispensary licenses in Illinois, perhaps it makes sense to review how the Land of Lincoln found itself in this position.
On June 25, 2019, Illinois Governor J.B. Pritzker signed the Illinois Cannabis Regulation and Tax Act…Continue Reading Update on Status of Illinois Dispensary Licenses
Proposed Regulations Released in Illinois for Recently Announced 2022 Adult-Use Dispensary License Lottery
On March 15, 2022, Illinois Governor J.B. Pritzker announced another planned lottery process to occur…Continue Reading Proposed Regulations Released in Illinois for Recently Announced 2022 Adult-Use Dispensary License Lottery
On July 12, 2021, the California Department of Cannabis Control (“DCC”) was born.
Before the…Continue Reading California’s DCC Newly Adopted Emergency Regulation: What Does This Mean For You?
On September 13, 2021, the Minnesota Court of Appeals issued a decision upholding a drug…Continue Reading Minnesota Court of Appeals Decision Deals Possible Blow to Minnesota Hemp Industry
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 Reversal
The 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 Businesses
The 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 FinCEN
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