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
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
4/30/2024
/ Agribusiness ,
Cannabidiol (CBD) oil ,
Decriminalization of Marijuana ,
Discrimination ,
Dispensaries ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Pennsylvania ,
Recreational Use ,
Retailers ,
Tax Revenues
The IRS’s Office of Chief Counsel recently published a memorandum providing information for cannabis companies struggling to comply with the completion of Form 8300, which must be filed every time a company receives a cash...more
4/8/2024
/ Agribusiness ,
Bank Secrecy Act ,
Cash Transactions ,
EIN ,
Filing Requirements ,
General-Business ,
Internal Revenue Code (IRC) ,
IRS ,
Marijuana Related Businesses ,
NAICS ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
The IRS’s Office of Chief Counsel recently published a memorandum providing information for cannabis companies struggling to comply with the completion of Form 8300, which must be filed every time a company receives a cash...more