Cannabis

A bipartisan coalition of 32 state and territory attorneys general is urging Congress to pass the SAFER Banking Act, which would allow financial institutions to serve state-licensed cannabis businesses. The current cash-only environment puts businesses, employees, and communities at risk, while also hindering tax collection and economic growth. The SAFER Banking Act aims to resolve these issues by moving cannabis business funds into the regulated banking system, increasing transparency and safety without changing federal legalization policy.

Continue Reading Thirty-two Attorneys General Press Congress to Finally Pass the SAFER Banking Act to Protect Cannabis Businesses and Communities

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

On July 12, 2021, the California Department of Cannabis Control (“DCC”) was born.

Before the DCC, cannabis business owners and licensees had to check and comply with regulations from the
Continue Reading California’s DCC Newly Adopted Emergency Regulation: What Does This Mean For You?