Cannabis companies are increasingly taking non-280E positions on their current year federal income tax returns, while many, such as public “MSOs,” have amended prior years’ returns to reflect this position. Foley Hoag’s Tax...more
Medical cannabis in the Commonwealth of Kentucky is now legal as of January 1, 2025, with increasing opportunities for businesses and patients alike.
Investors and market participants should be aware that, although cross...more
1/22/2025
/ Business Ownership ,
Cannabis-Related Businesses (CRBs) ,
Compliance ,
Investment ,
Investors ,
Legalization ,
Licensing Rules ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Regulatory Agenda ,
Regulatory Requirements ,
Service Agreements ,
State and Local Government
In perhaps his most controversial cabinet appointment yet, earlier today, President-elect Trump said he would nominate Florida Rep. Matt Gaetz as U.S. Attorney General. Although Gaetz’s nomination was met with skepticism by...more
11/14/2024
/ Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
DEA ,
Department of Justice (DOJ) ,
Donald Trump ,
Enforcement Actions ,
Florida ,
Food and Drug Administration (FDA) ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Presidential Elections ,
Recreation ,
SAFE ,
U.S. House
On April 17, 2024, the Virgin Islands Cannabis Advisory Board (“VICAB”) approved regulations outlining the requirements for its new adult-use cannabis program, including details regarding the competitive merit-based...more
11/13/2024
/ Business Licenses ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Deadlines ,
Dispensaries ,
License Applications ,
Manufacturers ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
New Regulations ,
Regulatory Agenda ,
Regulatory Requirements ,
Research and Development ,
Virgin Islands
License hunters may have whiplash with state application processes in Kentucky, Minnesota, and Ohio (10(b) licenses) barely in the rearview mirror, but Delaware’s new license application deadline is fast approaching....more
9/12/2024
/ Advertising ,
Business Development ,
Business Formation ,
Business Licenses ,
Business Taxes ,
Cannabis-Related Businesses (CRBs) ,
Commercial Litigation ,
License Applications ,
Lottery ,
Marijuana ,
Marijuana Related Businesses ,
Recreational Use ,
Social Equity Programs ,
State and Local Government
On May 21, the Cannabis Control Commission quietly published a bulletin on its website that will immediately impact retailers already struggling to maintain footing in the competitive Massachusetts market. The bulletin, which...more
5/30/2024
/ Advertising ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Commercial Litigation ,
Decriminalization of Marijuana ,
Enforcement ,
License Applications ,
Marijuana ,
Marijuana Related Businesses ,
New Guidance ,
Recreational Use ,
State and Local Government ,
State Legislatures
May 16, 2024, could be the most historic day in the history of state-legal cannabis. The Biden administration has published a Proposed Rule to Reschedule cannabis from Schedule I to Schedule III, which has far-reaching...more
Fresh on the heels of intense optimism over the Department of Health and Human Services’ recommendation that cannabis be rescheduled, another key federal reform is in motion. On September 27, 2023, the Senate Committee will...more
9/26/2023
/ Banking Acts ,
Banking Sector ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Department of Health and Human Services (HHS) ,
FDIC ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Popular ,
SAFE ,
Senate Banking Committee
The Cannabis Control Commission (“CCC”) has proposed multiple amendments to its existing regulations, including a proposed amendment adding a new section to its regulations entitled “Host Community Agreement Requirements for...more
7/14/2023
/ Amended Regulation ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Fees ,
Filing Requirements ,
License Applications ,
License Renewals ,
Licensees ,
Marijuana ,
Marijuana Related Businesses ,
Municipalities ,
Proposed Regulation ,
Regulatory Reform
Minnesota’s Governor has indicated he will sign an adult use cannabis legalization bill. HF 100 (the “Final Bill”) emerged from reconciliation and was passed on May 19th The Final Bill combines Minnesota’s existing medical...more
5/30/2023
/ Business Licenses ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Dispensaries ,
Farm Bill ,
Legislative Agendas ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
State and Local Government
New York’s Office of Cannabis Management (“OCM”) has posted, and the Cannabis Control Board (the “CCB” or “Board”) voted to approve the filing of, certain revised adult-use regulations (the “Revised Regulations”). While these...more
On April 28, 2023, Texas and Florida both accepted the expected dozens of applications for a limited number of medical cannabis licenses in those respective states. In the background, Kentucky recently legalized medical...more
5/1/2023
/ Business Licenses ,
Cannabis-Related Businesses (CRBs) ,
Decriminalization of Marijuana ,
Delaware ,
Florida ,
Governor Carney ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
New Legislation ,
Proposed Regulation ,
State and Local Government ,
Texas
Big news out of the Sunshine State today. The Florida Office of Medical Marijuana Use has set the due date for applications for 22 more Medical Marijuana Treatment Center licenses. By Emergency Rule published today, the OMMU...more
Last week, Governor Baker issued a COVID-19 Essential Services Order establishing which businesses in the Commonwealth may remain open as “essential” while most of our commerce, unfortunately but necessarily, shuts down in...more
The ink is barely dry on the New Jersey ATC and Missouri medical marijuana facility applications that so many of us assembled this August. Yet now, a new round of states have issued applications for competitive cannabis...more