We are all aware that a state-legal marijuana business is illegal under federal law and cannabis businesses deal with this dichotomy between state and federal law on a daily basis. Unfortunately, the fact that a cannabis business is federally illegal does not alleviate the obligation to pay federal income tax because the tax code does
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DO NOT Solicit Investment For Your Cannabis Business Like This!
By Steve Levine on
Posted in General Industry, Regulatory Issues
On July 17, 2015, a Colorado man was ordered to cease and desist from soliciting investors for his cannabis business on Craigslist. A sale of securities must be registered at the state or federal level unless one can rely on an exemption from both the state and federal securities laws. One needs to not only…
FDA’s CBD Actions and the Potential Effects on the CBD Market
By Steve Levine on
Posted in General Industry, Regulatory Issues
As many in the marijuana and hemp industry are aware, the Food and Drug Administration (FDA) has recently turned its focus on cannabidiol (CBD). In 2015 alone, the FDA has sent 7 warning letters to companies that are currently marketing CBD in various forms as a dietary supplement. While some in the hemp CBD market…
Colorado Supreme Court: Employers Can Discharge Workers Using Medical Marijuana
By Chris Ottele & Carrie Claiborne on
Posted in General Industry, Industry Trends
On June 15, 2015, the Colorado Supreme Court unanimously held that Colorado’s Lawful Off-Duty Activities Statute does not protect employees from discharge for using medical marijuana away from work. In a highly anticipated decision, Coats v Dish Network, LLC, No. 13SC394, the Colorado Supreme Court ruled that the plain language of the statute that…