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 CashThe cannabis industry took a step back on its merger and acquisition activity in 2020 due to some pandemic-related instability but the industry picked up where it left off by
Continue Reading Cannabis M&A Predictions for 2021
Investors and lenders could be seeing more green from cannabis. Considering that more than 30 states have approved medical marijuana and about a third of those have also legalized its
Continue Reading Expanding Your Banking Services to Marijuana-Related Businesses
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
As I posted previously, the State of Florida missed the deadline to issue more licenses for medical marijuana treatment centers.
Florida has also encountered serious delays in processing requests for
Continue Reading State of Florida Continues to Encounter Delays in Rolling Out Medical Marijuana
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