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Licensing / Compliance

Corporate Transparency Act: Federal Court of Appeals Reinstates Preliminary Injunction and FinCEN Announces Reporting is Optional

by Omar Figueroa and Lauren Mendelsohn December 27, 2024   On December 23, 2024, a panel of the Fifth Circuit Court of Appeals lifted the lower court injunction which had put enforcement of the Corporate Transparency Act on hold.  We previously wrote about the injunction and FinCEN’s response in our […]

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Corporate Transparency Act: Federal Court of Appeals Reinstates Reporting Requirements and FinCEN Announces New Deadline

by Omar Figueroa and Lauren Mendelsohn December 23, 2024   On December 23, 2024, a panel of the Fifth Circuit Court of Appeals lifted the lower court injunction which had put enforcement of the Corporate Transparency Act on hold.  We previously wrote about the injunction and FinCEN’s response in our […]

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California’s Provisional Cannabis License Era Comes to an End

By Lauren Mendelsohn & Omar Figueroa December 2024   Key Deadline Arrives A major regulatory deadline looms for California cannabis businesses, as January 1, 2025 is the final date when the Department of Cannabis Control (DCC) can renew provisional licenses for commercial cannabis operations statewide. There is an exception for […]

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California to Add a New Type of Cannabis License, the Combined Activities License

by Omar Figueroa & Lauren Mendelsohn November 22, 2024   Senate Bill 1064 has been signed into law and, effective January 1, 2025, will amend the cannabis regulatory framework in California by adding a new type of statutory license, the Combined Activities License (CAL). The Combined Activities License (CAL) is […]

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AB 1171 authorizes lawsuits by licensed cannabis businesses against unlicensed cannabis operators

by Omar Figueroa & Lauren Mendelsohn November 1, 2024 Last October, Governor Gavin Newsom signed into law Assembly Bill 1171, a bill which authorizes persons licensed by the California Department of Cannabis Control to engage in commercial cannabis activities to bring civil lawsuits against those engaging in commercial cannabis activity […]

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Understanding the Corporate Transparency Act: Key Insights for Cannabis Business Owners

by Omar Figueroa & Lauren Mendelsohn May 6, 2024   In recent years, the U.S. government has introduced several measures to combat illicit financial activities, with the Corporate Transparency Act (CTA) of 2019 being one of the most significant. Aimed at enhancing transparency within legal entities such as corporations and […]

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Tax Consequences of Federal Rescheduling for Cannabis Businesses

by Omar Figueroa & Lauren Mendelsohn May 2, 2024   We recently wrote that the Drug Enforcement Administration will move to reclassify marijuana as a Schedule III controlled substance.  A recent update by the Congressional Research Service makes clear that rescheduling is predicted to result in significant federal tax relief […]

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Update on the Legal Consequences of Rescheduling Marijuana

by Omar Figueroa & Lauren Mendelsohn May 1, 2024 Yesterday, we wrote that the Drug Enforcement Administration is anticipated to support the reclassification of marijuana from a Schedule I to a Schedule III controlled substance.  Today, the Congressional Research Service issued an updated report on the Legal Consequences of Rescheduling […]

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