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Today, January 5, 2023, the Minnesota House of Representatives introduced its newest bill proposing the legalization of adult use cannabis in the State of Minnesota. As discussed in my blog post last week, the Minnesota House passed a similar bill in 2021, which was never put to a vote…
Continue Reading Minnesota Legislature Introduces Bill Proposing Legalization of Adult-Use CannabisA friendly reminder to Minnesota readers – local governments with moratoriums on the sale, manufacture…
Continue Reading Minnesota Moratoriums Still ExistWhether to legalize the adult use of recreational marijuana has been a highly scrutinized topic…
Continue Reading Minnesota Likely to Legalize Recreational Marijuana Use in Near FutureMissouri legalized recreational marijuana in its 2022 midterm elections. Maryland preliminarily legalized recreational cannabis in…
Continue Reading Midterm Round-Up: Cannabis and Psychedelics in the U.S.The 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