California already accounts for roughly a quarter of all legal cannabis sales in the Unite States and is poised to be an economic powerhouse in a decriminalized national industry — if it can introduce regulation without empowering a new illicit market. By sheer numbers, California is easily the nation’s largestContinue Reading
A potentially game-changing decision by the U.S. Tax Court on the applicability of 280E to the cannabis industry has been delayed, but the attorney who tried the case expects a decision before 2018. Attorney Henry Wykowski argued roughly a year ago before the court that section 280E of the tax codeContinue Reading
By Omar Sacirbey The marijuana industry can expect higher valuations, more capital injections and increased merger and acquisition activity after the sale of High Times and the iconic magazine’s Cannabis Cup. That’s the assessment of analysts following the deal, in which investors paid $42 million for a 60% stake in the company.Continue Reading
Law Street Media (blog)Despite marijuana concerns, Nor Cal officials say too early to tell state v. fed upshotRedding Record Searchlight"But that's not just on cultivation. It could be a big marijuana deal or some type of marijuana trafficking," he said. Hindering that cooperation is why Assemblyman Brian Dahle voted againstContinue Reading
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