Prevent All Cigarette Trafficking Act, a federal law that, among other things, regulates the mailing of cigarettes. It was amended in 2020 with the Preventing Online Sales of E-Cigarettes to Children Act, which modified the definition of “cigarettes” to include Electronic Nicotine Delivery Systems (ENDS), thereby restricting the mailing of ENDS.
Categories of persons or entities that have certain levels or types, depending on state and local law, of equity interests in, control of, or relationships with licensed cannabis businesses that typically must be disclosed and/or background checked by state government authorities.
2015 Ninth Circuit Court of Appeals Case which held that a medical marijuana dispensary owner was not entitled to any business tax deductions, even for caregiving services provided alongside the sale of marijuana, because his business consisted solely of trafficking marijuana and was not a “separate trade or business.”
Federal memorandum issued on October 19, 2009 by former Deputy Attorney General David W. Ogden with the subject “Investigations and Prosecutions in States Authorizing the Medical Use of Marijuana.” Followed by the first Cole Memo of August 29, 2013 and rescinded by the Sessions Memo of January 4, 2018.
Notice from a government agency informing the recipient of alleged violations of laws, regulations, or conditions for a permit or license.
Cannabis company that operates in multiple states. Generally, MSOs are structured as holding companies (sometime public) with cannabis-licensed subsidiaries in multiple states.
Marijuana Opportunity Reinvestment and Expungement Act of 2020, H.R.3884, bill in the federal House of Representatives that would have removed marijuana from Schedule I of the Controlled Substances Act, expunged certain criminal convictions, and imposed excise taxes on cannabis sales, among other things. The MORE Act passed in the House of Representatives with a vote
Crimes that are less serious in nature that are generally subject to less severe penalties than for felony crimes.
