Remove tax-authority cannabis
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The Building Blocks of a Mergers and Acquisitions Contract

Hoban Law Group

Recitals would also be useful to spell out any special tax or regulatory treatment of a transaction, such as whether a transaction is structured as an IRC Section 368 tax-free reorganization or has special regulatory issues under a state-legal retail cannabis regime. Definitions. These promises are critical!

Contract 105
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Supreme Court agrees to resolve another intra-division disagreement

At the Lectern

Superior Court (Mitchell) and limited the issues to: “(1) Does Penal Code section 1238 authorize an appeal by the People from a superior court’s post-preliminary hearing, prejudgment order reducing a felony ‘wobbler’ offense to a misdemeanor? (2) The court granted review in People v. Bartholomew (2022) 85 Cal.App.5th

Wobbler 45
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“A Half-in, Half-Out Regime”: Thomas Slams the Continued Criminalization of Marijuana in Little Noticed Opinion

JonathanTurley

Peter Hermes, Kevin Desilet, Samantha Murphy, and John Murphy refused to verify their tax liabilities because they feared criminal prosecution. The Tenth Circuit upheld the district court decision in favor of the IRS and its authority to conduct the audit. Thomas noted that in 2005 a fractured divided court ruled Gonzales v.

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Reminder: Issue Ads Require Public File Disclosures Even Outside Political Windows

Broadcast Law Blog

They can be dealing with a state-wide issue, like a ballot issue on gambling or cannabis matters, or a state legislative issue (e.g., write your representative in insert state capital here and tell them to vote against the bill to impose a tax on bottles or to vote for a funding proposal for the new sports stadium).

Sports 95
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Accounting for Cannabis Companies: An Expert Weighs In

Hoban Law Group

have legalized cannabis for recreational adult use. A whopping 36 states have laws on the books regulating medical cannabis usage. But cannabis entrepreneurs are in a tricky situation. Though legal to produce or sell in their respective domiciled states, at the federal level cannabis is still considered a Schedule I substance.

Legal 98
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Governors’ Push President on Cannabis Rescheduling But Overlook What Schedule III Would Require

FDA Law Blog

Houck — Last week, in a letter thanking President Joe Biden for his leadership to federally reschedule cannabis, Democratic governors sought to make the case for rescheduling. However, anyone reading the letter would take away the impression that rescheduling to schedule III would legalize cannabis for medical and recreational use.

Legal 59
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Marijuana: Top Ten Reasons for Descheduling, Rescheduling or Not

FDA Law Blog

The wide range of assertions supporting or opposing Health and Human Services’ (“HHS’”) recommendation that the Drug Enforcement Administration (“DEA”) reschedule cannabis federally from schedule I to schedule III would lead an outsider to conclude that commenters are referring to different substances.