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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

IRS Issues New Guidance for Cannabis Companies That Receive Over $10K Cash

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

Best Practices: A Construction Checklist for Cannabis Companies

If you are about to embark upon a construction project for a facility in the cannabis space, success often depends upon proper planning. Below is a checklist of strategic advice you should consider to achieve a successful...more

In Lieu Of SBA Loans, Cannabis Sector Turns To State Options

In the economic downturn triggered by the COVID-19 pandemic, cannabis companies operating in the marijuana space cannot look to the federal Small Business Administration to obtain Economic Injury Disaster Loans or Paycheck...more

Illinois Department Of Agriculture Announces New Policy For Use Of Hemp In Cannabis Products

The Illinois Department of Agriculture recently released a policy for cultivators regarding the use of hemp in medical and adult use cannabis products. The policy will be in effect through October 31, 2020, although it is...more

Cannabis Companies Deemed ‘Essential’ Businesses In Some States, But Not All

Like all businesses navigating the current COVID-19 crisis, cannabis companies are eager to understand how state and local orders will impact their operations. As states issue orders requiring all but essential businesses to...more

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