The 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 the end of the year, and we expect that trend to significantly increase in 2021. In the article linked below, Melissa Sander and I discuss
New Jersey to Greatly Expand Access to Medical Marijuana
Today, the New Jersey Department of Health Division of Medical Marijuana announced that it is seeking applications to operate up to 108 new Alternative Treatment Centers: up to 38 in the northern region of the state, up to 38 in the central region and up to 32 in the southern region. Three types of endorsements
New Jersey Governor Phil Murphy Signs Executive Order Expanding Access to Medical Marijuana
New Jersey Governor Phil Murphy signed an executive order directing the New Jersey Department of Health and the Board of Medical Examiners to review the state’s existing medical marijuana program with a focus on ways to expand access to marijuana for medical purposes.
Continue Reading New Jersey Governor Phil Murphy Signs Executive Order Expanding Access to Medical Marijuana
IRS Audits of Cannabis Companies and the Importance of Documentation
Today, the Tax Court issued its opinion in Feinberg v. Commissioner, a case involving an ongoing and hard fought battle between the IRS and a medical marijuana dispensary, Total Health Concepts, LLC. The IRS examined THC’s 2009 through 2011 tax returns. As a result of the examination, the IRS adjusted the member taxpayers’ returns
Medical Marijuana Developments in Florida for August 2017
Florida continues to make forward progress on implementation of Amendment Two (medical marijuana) with additional licenses and dispensaries being approved or opened around the state.
License News
Three new licenses are being added in Florida.
Dispensary News
The following municipalities in Florida are moving forward with medical marijuana dispensaries:
- New Port Richey, located north
Florida Municipalities Debate Dispensaries
As a follow up to my post on the City of Boynton Beach having its regulations overturned by Florida state law, other Florida municipalities are debating medical marijuana dispensaries.
Those adopting or extending moratoriums on dispensaries:
- Marathon City, located in the Keys, has extended its moratorium for another 180 days.
- Winter Garden, located
The State of Florida Vetoed the City of Boynton Beach’s Local Regulations
The City of Boynton Beach, Florida wanted to be ready for the implementation of Amendment 2 (medical marijuana) so they set up their own limits on dispensaries that included the following:
- One dispensary per 67,000 residents;
- Location was limited to one part of town the community commercial district;
- No drive-throughs;
- Limited hours.
Boynton has now