When Alabama’s Legislature convenes for its annual session on February 2, lawmakers will once again be asked to consider a bill that would provide certain Alabamians with access to medical cannabis. And this time, supporters...more
This is the final article in a three-part series focused on the intersection of the 2020 United States presidential election and cannabis policy. Each article has focused on the specific presidential candidates of the two...more
On November 3, 2020, Mississippi voters overwhelmingly approved a constitutional amendment legalizing medical marijuana for Mississippians with certain medical conditions. As we wrote back in February, the amendment will...more
A bill that would legalize medical marijuana in Alabama cleared yet another hurdle late last week when it passed the Alabama Senate by a vote of 22 to 11. The bill now heads to the Alabama House, where it likely faces steeper...more
A bill introduced last week by Sen. Tim Melson (R-Florence) that would authorize the use of marijuana to treat certain medical conditions just passed the Senate Judiciary Committee by an 8-1 vote (with one abstention). The...more
More and more states across the South are adopting medical marijuana regimes. With this growth comes growing pains. One such pain for marijuana businesses is the tension between following state laws on a product that is still...more
1/9/2020
/ Books & Records ,
Brick-and-Mortar Stores ,
Business Taxes ,
Controlled Substances ,
Cost of Goods Sold (COGS) ,
Decriminalization of Marijuana ,
Dispensaries ,
Income Taxes ,
IRC Section 280E ,
IRS ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
State Taxes ,
Tax Deductions ,
Tax Planning
The Alabama Medical Cannabis Study Commission held its fourth and final meeting in Montgomery on November 7. As in the previous meetings, the meeting was organized around presentations from individuals representing different...more
The Alabama Medical Cannabis Study Commission held its second meeting in Montgomery on September 9. The composition of the commission changed at the beginning of the second meeting with the addition of five new members,...more
A recent decision by a federal appeals court appears to open the doors of United States Bankruptcy Courts nationwide… or does it? The Ninth Circuit’s decision from Garvin v. Cook Investments provides a helpful roadmap for...more
[This is the first in a series of client alerts regarding the status of medical marijuana efforts in Alabama.]
Is Alabama poised to join the growing number of states allowing the use of medical marijuana under state law?...more
Centuries after American colonists were required by law to grow hemp, and decades after it was then outlawed by Congress, one of the nation’s oldest and most versatile crops is poised for a resurgence. The 2018 Farm Bill,...more
2/25/2019
/ Agricultural Sector ,
Cannabidiol (CBD) oil ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Department of Agriculture ,
Farm Bill ,
Food and Drug Administration (FDA) ,
Hemp ,
Investors ,
Marijuana ,
Marijuana Cultivation ,
Marijuana Related Businesses ,
Medical Marijuana ,
Regulatory Oversight ,
Research and Development