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Sep 18, 2018

IRS Authority to Determine Violations of Controlled Substances Act Challenged

A “Farm to Flame” cannabis operation in Colorado has asked a U.S. Court of Appeals to preclude the Internal Revenue Service (IRS) from disallowing income tax deductions for certain business expenses incurred by marijuana companies. The IRS had previously concluded that these business expenses were not deductible as they were incurred in business operations that violate federal law.» Read More

Aug 31, 2018

Should New Jersey Municipalities Opt out of the Marijuana Business?

In advance of the anticipated state legalization of recreational adult use marijuana, several North Jersey municipalities plan to adopt ordinances banning all marijuana businesses from operating within their borders. The recreational adult use marijuana bills currently being debated, which could be signed into law as early as this fall, empower local governments to decide whether they want to allow marijuana businesses to operate in their communities.» Read More

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