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

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has released updated quarterly statistics showing a continuing increase in the number of depository institutions that actively bank U.S. marijuana businesses. As
Continue Reading Treasury Department Data Shows Continuing Increase in Availability of Marijuana Banking

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

Venture 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 Companies

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