Under federal tax code, companies cannot deduct many ordinary business expenses if they deal in Schedule I or II controlled substances. That prohibition would no longer apply if marijuana becomes a Schedule III substance, finally allowing many cannabis companies to turn a profit, said Griffen Thorne, a cannabis industry attorney based in Los Angeles. “This would be a lifeline for an industry that has really been suffering,” Thorne said. more
Harris Sliwoski in the News
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As your company works its way through the opportunities and challenges associated with the aforementioned nearshoring due diligence considerations, it is crucial that you ask—and be able to answer more
“Most people thought China’s economy would rebound post-Covid, but it has largely stagnated. Utah has a solid business relationship with China, but manufacturers continue to look for nearshoring options. And companies staying in China for the China market are trying to figure out how to deepen their engagement while lamenting the fact that their prior engagement with the government is not as helpful as it used to be.” more
“Companies are very, very concerned about their people going to China. Why wouldn’t they be? more