“The status quo is not sustainable”
On June 25th 2019, Illinois became the 11th state, along with the District of Columbia, to legalize adult-use cannabis, and the first to do so by the legislative process. This followed a long month of anticipation after the Democrat-controlled House of Representatives passed the measure 66-47 in late May, and it was sent over to the desk of Gov. J.B. Pritzker.
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Topics: Analysis, Legal, cannabis business, marijuana, frontier markets
If you’re in today’s legal cannabis industry you’re aware that tax code 280E restricts you from operating like a traditional business. Simply put, even though you are operating a state-legal business, cannabis is still considered illegal federally. At the end of the day, this changes which expenses you are allowed to deduct for tax purposes.
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Topics: Company Info, Legal
What roles will local governments play in rec use rollout?
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Topics: Legal
Regulation Through Licensing – Identifying the Roles of State Government Agencies
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Topics: Legal
What if I acquire a license? What's next?
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Topics: Insider, Entrepreneurship, Legal
