Internal Revenue Code Section 280E prevents cannabis operators from taking ordinary business expense deductions because cannabis is currently classified as a Schedule I drug. However, the United States Drug Enforcement Agency and Department of Health and Human...
On April 30, 2024, the Department of Justice submitted a formal proposal to the White House to loosen the restrictions placed on marijuana and formally recognize its medical use. Specifically, the proposal would reclassify marijuana from a Schedule I controlled...
MAY 6, 2024 After an expected Drug Enforcement Agency reclassification, under federal law, cannabis will move from Schedule I to Schedule III. Currently, cannabis is listed under Schedule I, a category of drugs like heroin and LSD “with no currently accepted medical...
Ius Laboris [author: Jakob Friedrich Krüger]* What does this actually mean for labour law? Cannabis in the workplace: allowed or banned? Although possession of cannabis is now legal (up to certain limits), this does not mean that employees can work under the influence...
By Rachel L. Sodée & Whitt Steineker on May 7, 2024 “Get in loser, we’re rescheduling.” – Regina George (DEA) As we at Budding Trends reported last week, the DEA is set to finally accept the recommendation of the U.S. Department of Health and Human Services (HHS)...
by: Bianca M. Rodriguez, Keahn N. Morris, John S. Bolesta, James R. Hays of Sheppard, Mullin, Richter & Hampton LLP – Labor & Employment Law Blog On April 26, 2024, Ctrl Alt Destroy, Inc. (“CAD”), a California Corporation and cannabis licensee filed a...