Cannabis

Top News

The Law360 400: Tracking The Largest US Law Firms

By Jacqueline Bell

As the legal market adjusted to pressures of a global pandemic and saw demand for complex legal services soar, many law firms spent 2021 locked in a fierce war for talent to meet ever-expanding client needs.

Will BigLaw Regret Its Hiring Spree As The Economy Softens?

By Aebra Coe

The largest 200 law firms in the U.S. boosted their headcount by an average of 5.6% in 2021 — the steepest increase in five years, according to the Law360 400. Here's a look at what those numbers mean and where firms may be headed if the economy slows in the coming year.

SD Pot Advocates Praise Defeat Of 'Abysmal' Ballot Measure

By Sam Reisman

The campaign to legalize adult-use cannabis in South Dakota applauded voters' resounding rejection of a proposed constitutional amendment that could have made future ballot initiatives more difficult to pass.

Cannabis Bill Roundup: NC Senate Approves Medical Pot Bill

By Sam Reisman

The North Carolina Senate recently approved a bill legalizing medical marijuana, while Louisiana lawmakers advanced a host of cannabis reform bills. Here are the major moves in legislative cannabis reform from the past week.

Law360 Names 2022's Top Attorneys Under 40

By

Law360 is pleased to announce the Rising Stars of 2022, our list of 176 attorneys under 40 whose legal accomplishments belie their age.

Cannabis Bill Roundup: New Legalization Proposal In NC

By Sam Reisman

A North Carolina lawmaker pitched a new legalization bill, Rhode Island became the 19th state to legalize adult-use cannabis, and Delaware's governor nixed a proposal to legalize simple possession. Here are the major moves in cannabis reform from the past week.


Expert Analysis

Advising A Cannabis Business Amid Patchwork Of Regs

As the cannabis industry continues to grow, so does its widely varied patchwork of local, state and federal regulation, and practitioners should familiarize themselves with the specific rules on tax, real estate, intellectual property and banking applicable in the jurisdictions where their clients operate, say Patrick Hines and Fallon Martin at Hodgson Russ.

LeClairRyan Bankruptcy Highlights Pass-Through Tax Issue

A Virginia bankruptcy court's recent ruling in the case of defunct law firm LeClairRyan shows there may be serious tax consequences for pass-through entity partners who give up their ownership interest without following operating agreement exit provisions and updating bankruptcy court filings, say Edward Schnitzer and Hannah Travaglini at Montgomery McCracken.

Mass. Bills Will Have Broad Impact On Cannabis Industry

Legislation recently passed by both chambers of the Massachusetts Legislature will make sweeping changes to the commonwealth’s cannabis industry, altering everything from municipal agreements to on-site consumption, and improving social equity while reducing businesses' tax burdens, says Cloe Pippin at Foley Hoag.

MORE COVERAGE

May 26, 2022 04:40 PM

Calif. Senate OKs Bill Changing Cannabis Tax System

May 20, 2022 06:38 PM

NM And 2 Pueblos Agree To Cooperate On Cannabis Taxes

May 16, 2022 04:16 PM

Miss. Publishes Final Medical Cannabis Tax Rules

May 13, 2022 03:45 PM

NJ Bill Seeks OK Of Cannabis Biz Tax Deductions

May 6, 2022 06:41 PM

Advocates Say Calif.'s Tax Is Limiting Legal Cannabis Market

May 5, 2022 05:03 PM

Court Stays $735K FBAR Case Against Pot Farmer's Estate

May 2, 2022 06:17 PM

Calif. Cannabis Dispensary Owes Tax On $2.3M In Sales

May 2, 2022 05:05 PM

Mass. Floats Rule On Tax Collection For Marijuana Deliveries

April 29, 2022 04:02 PM

MORE Act's Possible Impact On State-Licensed Cannabis Cos.

April 21, 2022 05:48 PM

Holland & Hart Adds Cannabis Tax Litigator In Denver

April 20, 2022 05:32 PM

Mo. Senate OKs SALT Cap Workaround, Tax Omnibus Bill

April 19, 2022 01:35 PM

Mich. Marijuana Bill Could Boost Tribal Economic Growth

April 14, 2022 05:31 PM

NY Tribe To Open Empire State's First Adult-Use Pot Shops

April 11, 2022 04:21 PM

NM Medical Pot Retailer Can Deduct Biz Expenses

April 6, 2022 03:47 PM

NM Cannabis Seller Can Deduct Business Expenses

April 1, 2022 06:16 PM

Federal Cannabis Bill Needs A Regulatory Plan To Succeed

April 1, 2022 01:07 PM

US House Approves Bill To End Federal Cannabis Prohibition

March 31, 2022 03:28 PM

IRS' Pot Co. Summonses Should Be Tossed, 10th Circ. Told

March 31, 2022 05:11 PM

Mo. Senate OKs SALT Cap Workaround, Pot Tax Break

March 31, 2022 06:28 PM

Pot Bill Would Raise $8B In Revenue, JCT Says