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Cannabis Companies Must Wait to Seek Relief From Section 280E, IRS Says

It is still too early for cannabis companies to try and take advantage of potential tax relief should the Justice Department (DOJ) reschedule cannabis under the Controlled Substances Act. In a recent news release, the...more

U.S. Justice Department Proposes Loosening Restrictions on Marijuana: What's Next

As anticipated, U.S. Attorney General Merrick Garland has submitted to the Federal Register a notice of proposed rulemaking to consider moving marijuana from a Schedule I to a Schedule III drug under the Controlled Substances...more

New Adult-Use Cannabis Law Proposed in Pennsylvania

Pennsylvania once again seems to have momentum to become one of the next states to legalize cannabis for adult use. After a bipartisan bill was introduced in the commonwealth’s Senate last year, the House now has submitted an...more

In Recreational Cannabis Law, Illinois Charts Plan to Issue Range of New License

With the General Assembly’s passage of the Cannabis Regulation and Tax Act, Illinois is now poised to become one of the country’s most active markets for new cannabis businesses as state regulators prepare to issue licenses...more

Recreational Cannabis Law Passes in Illinois House and Senate

Illinois is poised to begin licensing scores of new dispensaries now that the General Assembly has voted to legalize the possession of recreational cannabis effective January 1, 2020.  On May 31, after rounds of spirited...more

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