Last week, I wrote a piece entitled “Deschedule Cannabis, Don’t Reschedule It.” The post came on the heels of President Joe Biden’s announcement that the federal government is considering the federal scheduling of cannabis. As I noted, rescheduling cannabis to schedule II or below is a bad idea, because it would subject cannabis to DEA
Recientemente, numerosos clientes se han puesto en contacto con nosotros para consultarnos sobre problemas relacionados con los planes de pago del cannabis y el Departamento de Administración de Impuestos y Tasas de California («CDTFA»). Recordemos que hubo un tiempo en California (no hace mucho) en el que algunas empresas del sector del cannabis amenazaron con dejar de pagar sus impuestos porque consideraban que el tipo impositivo era demasiado elevado. En
L.A. County commercial cannabis is finally coming in 2023. We covered the breaking news about L.A. County commercial cannabis regulations here. This is a huge deal, because L.A. County is the biggest county in the U.S. with over 9 million residents. L.A. County plans to allow the following businesses in in its borders in 2023:
Las desgravaciones fiscales sobre el cannabis en California son algo muy importante. Y son una realidad. Lo que importa ahora es cómo interpreta el Departamento de Administración de Impuestos y Tasas de California («CDTFA») el proyecto de ley 195 de la Asamblea. Como ya comenté en mi blog, California finalmente ha dado el paso de ofrecer un mínimo de desgravaciones fiscales sobre el cannabis a los titulares de licencias de cannabis (principalmente en beneficio de los cultivadores).
Cuando se trata de iniciativas legislativas sobre el cannabis, se suele prometer a los votantes que los mayores ingresos fiscales derivados de las ventas de cannabis se reinvertirán en la comunidad. Por lo tanto, los impuestos sobre el cannabis son inevitables. También lo es el debate sobre cuál debe ser su cuantía. A su vez, todos los estados tienen su propia política fiscal en materia de cannabis
One of the most important decisions a new cannabis business can make is the form of entity it will use. In fact, one of the first questions businesses ask is whether the right entity for a cannabis business is a limited liability company (LLC), corporation, or something else. Like basically every other legal analysis, the
We work with many large cannabis businesses and many small ones too. It’s fun to talk up the bigger fish, but I have a soft spot for the little guys. I really enjoy small business at the end of the day. I like seeing financial statements of disciplined, privately held companies doing maybe $5m to
Many cannabis handshake deals result in the parties forming an inadvertent cannabis partnership. The words “partnership” and “joint venture” are often thrown around casually. Many early stage cannabis entrepreneurs know they want to do some type of business venture, often with a business partner, but they often do not know why or how to avoid
New York snuck a pretty significant tax break for cannabis businesses into its 2022 budget. The Revenue Bill included a state tax deduction for cannabis related business expenses that are currently disallowed by § 280E of the federal tax code. We have seen this strategy in other “canna friendly” states and it’s a welcome development.
We work with international cannabis companies that operate in the U.S., and we regularly field inquiries from others who want to enter the U.S. market. Some are already selling into the U.S. market through an intermediary like a broker or a sales agent. In the United States, there are four main ways to enter the
