Oh Canada, or should we say Cannada? Yes, it looks like the land up north, home to the Mounties, maple syrup and the Hockey Hall of Fame, is set to become the first of the large western economies that will make cannabis legal throughout the country. Much like the United States and other countries, …
Native American Tribes are sovereign nations. They have their own governments, make their own laws and manage their own wealth. The United Stated Constitution (Article 1, Section 8) says:Congress shall have the power to regulate Commerce with foreign nations and among the several states, and with the Indian tribes. Note that it is Congress and …
So you have a medical condition and you live in a medical marijuana state. Your condition is one that is recognized by your state medical marijuana authority and you get a medical card so you can legally be treated with cannabis. You feel better and go to work and then you’re fired, for using marijuana! …
You open a business and get an account. You use it for checking and credit card sales. You deposit your sales revenues into the account and pay your employees, your rent, and other expenses from the account. Fairly standard and normal for any business – right. Not for your cannabis business in the United States. …
So you own a cannabis dispensary under state law, have all of the correct licenses and follow all of the rules. It’s been a struggle but you’re starting to make a profit. You have enough business experience to know that your ordinary and customary business expenses are deductible from your federal income taxes – right, …
Let’s discuss federalism. It’s the most important concept affecting the cannabis industry’s emergence from the shadows of illegal activity into a recognized medicine and recreational substance. Federalism? What’s that? For those of you who forgot your high school civics, and those of you who never took it, federalism is the system of government where we …
