In a recent legal development that underscores the intricate interplay between federal bankruptcy law and the cannabis industry, a court case has emerged involving a bankruptcy filing by an employee of a cannabis company....more
4/19/2024
/ Bankruptcy Code ,
Bankruptcy Court ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Chapter 13 ,
Consumer Bankruptcy ,
Controlled Substances ,
Controlled Substances Act ,
Debtors ,
Dispensaries ,
Marijuana ,
Marijuana Related Businesses ,
State and Local Government
Governor Kathy Hochul’s determined efforts to combat illegal cannabis operations in New York have gained even more momentum with a new multi-agency initiative authorized as part of the 2024 Budget. The State aims to curtail...more
7/31/2023
/ Agribusiness ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Dispensaries ,
Licensing Rules ,
Marijuana ,
Marijuana Related Businesses ,
New Legislation ,
New York ,
Regulatory Requirements ,
State and Local Government
The Blunt Truth® has long covered the intersection of alcohol and cannabis. For example, just last month we explored the potential for regulatory confusion that might ensue if states begin allowing the sale of cannabis in...more
The SAFE Banking Act is no longer in the National Defense Authorization Act and therefore will not pass in this Congress. For weeks, both industry sources and Congressional sources have been predicting that SAFE would pass in...more
It has already been a busy year for marijuana law! Catch up on key legislative, regulatory, and legal developments affecting the manufacture, distribution, sale, and use of marijuana occurring in 2022, including key decisions...more
Happy New Year and welcome back as The Blunt Truth begins its seventh year of publication. ...more
THC, CBD, CBN…the Cannabis industry is quite familiar with acronyms. But it’s another nasty little four letters, TCPA, that are – or should be – on the top of mind for every dispensary, delivery service, CRM platform, and...more
6/22/2020
/ Class Action ,
Dispensaries ,
Marijuana Related Businesses ,
Marketing ,
Popular ,
Recreational Use ,
Robocalling ,
TCPA ,
Telecommunications ,
Telemarketing ,
Text Messages ,
Third-Party Relationships
Recently, I had the opportunity to moderate panels on cannabis and commercial real estate at programs held in Los Angeles and Chicago. I won’t say it was the best of times or the worst of times, but I will say “it was the...more
2/18/2020
/ Agribusiness ,
Cannabis-Related Businesses (CRBs) ,
Commercial Leases ,
Commercial Tenants ,
Community Development ,
Controlled Substances Act ,
Dispensaries ,
Hemp Related Businesses ,
IRS ,
Landlords ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Property Owners ,
Recreational Use ,
Security Standards ,
Tax Liability ,
Urban Planning & Development
If you are in the cannabis industry, you should already know Section 280E of the Internal Revenue Code. It consists of only one sentence...more
1/31/2020
/ Agribusiness ,
Audits ,
Business Development ,
Business Expenses ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Hemp ,
Hemp Cultivation ,
Hemp Related Businesses ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRC Section 280E ,
IRS ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Retail Market ,
Tax Deductions ,
Tax Liability ,
Tax Planning
Marijuana is estimated to be a $10 billion industry and rapidly growing. Almost all of it is conducted in cash. Although legal in thirty three states plus Washington, D.C., Puerto Rico and Guam, marijuana remains illegal at...more
5/7/2019
/ Banking Regulators ,
Banking Sector ,
Controlled Substances Act ,
Criminal Proceeds ,
Decriminalization of Marijuana ,
Dispensaries ,
Distributors ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
FinCEN ,
Legislative Agendas ,
Manufacturers ,
Marijuana ,
Marijuana Related Businesses ,
Money Laundering ,
SAFE Act ,
Safe Harbors ,
Suspicious Activity Reports (SARs)