The IRS’s Office of Chief Counsel recently published a memorandum providing information for cannabis companies struggling to comply with the completion of Form 8300, which must be filed every time
Continue Reading IRS Issues New Guidance for Cannabis Companies That Receive Over $10K in Cash
Background
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
Continue Reading Update on Status of Illinois Dispensary Licenses
On March 15, 2022, Illinois Governor J.B. Pritzker announced another planned lottery process to occur later this year, whereby an additional 50 new adult use dispensary licenses would be
Continue Reading Proposed Regulations Released in Illinois for Recently Announced 2022 Adult-Use Dispensary License Lottery
As the country grapples with the COVID-19 pandemic and drastic changes to the business environment, some cannabis companies have decided to pitch in and use some of their manufacturing and
Continue Reading Cannabis Companies Pivot to Make Sanitizer for First Responders During Pandemic
The Illinois Department of Agriculture recently released a policy for cultivators regarding the use of hemp in medical and adult use cannabis products. The complete version of the policy can
Continue Reading Illinois Department of Agriculture Announces New Policy For Use of Hemp in Cannabis Products
Illinois is poised to begin licensing scores of new dispensaries now that the General Assembly has voted to legalize the possession of recreational cannabis effective January 1, 2020.
On May
Continue Reading Recreational Cannabis Law Passes in Illinois House and Senate
With momentum growing for legal adult-use cannabis in Illinois following the election of J.B. Pritzker to the governorship, the Illinois General Assembly is already proposing legislation that would loosen regulations
Continue Reading Proposed Illinois Bill Would Loosen State Regulations on Banks Providing Services to Cannabis-Related Businesses