May 1, 2023 06:22 PMLegal Recreational Pot Raised $15B For States, Report Finds
By Jaqueline McCool
Minnesota would legalize the possession and sale of adult-use cannabis and impose a tax structure on products under a bill passed by the Legislature.
By Jonathan Capriel
Oregon Gov. Tina Kotek is looking to crack down on the 9% of cannabis retailers not paying their taxes by requiring those seeking to update or renew their permit to show proof they paid their taxes, according to an announcement made Tuesday.
By Jonathan Capriel
Florida's Attorney General is asking the state's highest court to block a potential ballot initiative that seeks to legalize recreational marijuana use, telling the justices the proposal might violate the state's constitution.
By Sanjay Talwani
Cannabis business operators in Oregon must show they are in compliance with state tax obligations before they may receive or renew licenses, according to an order from the governor.
By Michael Nunes
Cannabis businesses in New Jersey will be allowed to deduct business expenses as well as research and development expenses as part of a bill signed by Gov. Phil Murphy.
By Sam Reisman
Maryland Gov. Wes Moore on Wednesday signed into law a bill to launch regulated sales of adult-use marijuana beginning in July and tax them at a 9% rate, following voters' overwhelming approval of legalization on Election Day, Nov. 8, 2022.
Barstow, California’s novel plan to convert an abandoned mall into a cannabis supercenter could offer a potential blueprint for cannabis companies to thrive in a saturated market and for communities to repurpose underutilized retail spaces — but certain financing, zoning and leasing issues will need to be assessed, says Christopher Gordon at Fox Rothschild.
As state-regulated cannabis markets expand rapidly, so too does government oversight, and industry participants must plan ahead to avoid potential liabilities related to workplace health and safety requirements, tax audits, securities regulations and foreign bribery laws, say Alicia Corona and Amy Rubenstein at Dentons.
Amid slow legislative and executive movement on cannabis reform, it’s worth examining whether the U.S. Supreme Court could provide a pathway to federal cannabis legalization — a decision that would surely require strange bedfellows given the court’s current ideological makeup, say Whitt Steineker and Mason Kruse at Bradley Arant.
April 28, 2023 06:00 PMPot Shop Takes IRS Summons Fight To Supreme Court Again
April 28, 2023 06:41 PMMinn. Senate OKs Recreational Cannabis, Tax
April 27, 2023 11:46 PMNebraska Can't Take Cut Of Tribe's Tobacco Sales, Judge Says
April 25, 2023 05:09 PMMinn. House OKs Recreational Cannabis Regulation, Tax
April 25, 2023 11:37 AMMass. Rule Would Nix Tax Demands On Cannabis Facilitators
April 24, 2023 05:05 PMDel. To Impose 15% Tax On Recreational Marijuana
April 23, 2023 09:02 PMLaw360 Reveals Titans Of The Plaintiffs Bar
April 20, 2023 07:19 PM9th Circ. Snuffs Out CBD Co.'s Appeal Of Tax Arbitration Order
April 19, 2023 06:42 PMLa. House Bills Seek Tax On Pot Sales, Regulation System
April 12, 2023 06:11 PMMd. Lawmakers Approve Cannabis Sales, With 9% Tax
March 31, 2023 06:38 PMNM To Switch Cannabis Excise Tax To Destination Sourcing
March 31, 2023 10:15 PMDC Judge Grants IRS Win In Dispute With Ayahuasca Church
March 29, 2023 05:51 PMMaine Senate Bill Would Modify Cannabis Excise Tax
March 21, 2023 04:11 PMPennsylvania Is Gathering Momentum On Adult-Use Cannabis
March 20, 2023 04:57 PMDel. Senate Panel Approves Taxing Recreational Cannabis
March 10, 2023 12:20 PMTaxation With Representation: Gibson Dunn, Wachtell, Davis
March 7, 2023 10:05 PMOklahoma Says No To Legalizing Recreational Cannabis
March 6, 2023 05:34 PMJustices Leave Questions Open On Dual-Purpose Atty Advice
March 6, 2023 05:14 PMOklahoma Voters To Decide Whether To Legalize Pot