The cannabis industry is heavily dependent on real estate: cannabis needs to be grown, processed, and sold, and you can’t do any of that without physical space.  Marijuana remains a federally-controlled substance in the United States, creating a conflict with the laws of many U.S.» Read More

The recent Tenth Circuit decision of Feinberg v. Commissioner of Internal Revenue reminds cannabis businesses that as long as marijuana remains a Schedule I controlled substance under federal law, they will not be permitted to take deductions for business expenses.  However, these businesses may still reduce their gross income by their cost of goods sold (COGS). » Read More

As mentioned in our prior blog post here, on December 20, 2018, President Trump signed into law the Agricultural Improvement Act of 2018 (the “Farm Bill”).  The bill de-scheduled hemp from being a federally controlled substance, and legalized hemp-derived cannabidiol (“CBD”) provided it meets the legal definition of industrial hemp. » Read More

The new year is right around the corner, which will prove to be a truly new year for the industrial hemp industry and the crown jewel of hemp-derived consumer products: CBD.  As we have laid out in our previous two posts that you can read here and here, the already ubiquitous CBD has experienced tremendous growth in recent years. » Read More

In this second post in Legally Grown’s CBD holiday series, the Ghost of CBD Present looms large.  (You can check out the first post in this series here.)  We address what is happening now in the legal regulation of CBD-related goods and services, which is all-things-Farm-Bill. » Read More

CBD oil. CBD-infused food. CBD balms and beauty products. CBD pet products. CBD seems to be everywhere and on everyone’s news feeds these days. Indeed, these are exciting times for the hemp industry, as President Trump is set to sign the Agricultural Improvement Act of 2018 – a development that will fundamentally change the hemp industry in America.» Read More