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Seyfarth Shaw LLP

The Week in Weed: March 2024 # 2

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Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we check in on Virginia, to see if there’s any progress on the retail market bill. We re-visit the Eastern...more

Troutman Pepper

The Continuing Negative Impact of Federal and State Taxation on the Cannabis Industry; Where Do We Go from Here?

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The cannabis industry has experienced significant growth over the past decade, with increasing numbers of states legalizing both medical and recreational use. Currently, cannabis is legal for adults in 24 states and the...more

Pullman & Comley - For What It May Be Worth

Appraisal Techniques in Cannabis Zoning

Adult-use/recreational cannabis is a new frontier for Connecticut towns.  After recreational/adult use cannabis was passed by the State legislature and became effective July 1, 2021, towns were left to decide how to zone...more

Gray Reed

Taxpayer’s Testimony on Businesses Losses Defeats IRS Arguments and Penalties

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Starting any business has risk, and most businesses take time to become profitable. Unfortunately, the IRS sees multiple years of losses from a business as a red-flag that usually results in further scrutiny. That scrutiny...more

Pullman & Comley, LLC

Recreational Cannabis is Legal in Connecticut: What to Know About Getting into the Business

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On July 1, 2021 Connecticut became the nineteenth state to legalize the possession and use of cannabis for recreational purposes.  Upon conversion of the existing licenses held by medical marijuana growers within the next few...more

Seyfarth Shaw LLP

Tale of Two Cities: Cannabis and Commercial Real Estate

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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

Seyfarth Shaw LLP

Section 280E – Why Are We Still Having This Discussion?

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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

Seyfarth Shaw LLP

The Week in Weed: November 2019 #5

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Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. Those in the marijuana industry in California will face a higher tax bill in January.  The 15% tax rate will...more

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