Harris Sliwoski in the News

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Recent Articles

Federal health agency recommends easing marijuana restrictions

Griffen Thorne in The Washington Post

August 31st, 2023

 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.