Working With and Not Against, IRS Revenue Code 280E

Working With and Not Against, IRS Revenue Code 280E

Cannabis operators face IRS Revenue Code 280E restrictions, but smart tax planning and strategies allow entrepreneurs to mitigate its impact on their business.

Komorn Law is Michigan’s top cannabis law firms when it comes to licensing, consulting and legal defense.

Call them if you’re thinking about venturing into the marijuana business in Michigan (248) 357-2550

Being a legal cannabis company, you are likely familiar with the IRS Tax Code 280E. This tax code sets forth financial hurdles directly related to the amount of tax liability you owe the government at the end of the year.

From cultivators to retail shop owners, whether operating in the medical or adult-use sector, the burdensome financial implications of 280E pose significant challenges for legal businesses in the cannabis industry. The ambiguity surrounding the IRS guidelines on acceptable business write-offs creates substantial obstacles for company owners, hampering their ability to navigate the complex landscape effectively.

Read the rest of the article and more here at Ganjapreneur

Working With, Not Against, IRS Revenue Code 280E

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How DUI Charges Impact Your Child’s Future

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Rescheduling Marijuana Would Be a Threat to Public Health

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Meet MiChap

Meet MiChap

Climate and Health Adaptation ProgramYou must save yourself from yourself.Meet MICHAPOur Vision: Michigan's public health system fosters equitable health and wellbeing as it adapts to the current and future impacts of climate change. Our Mission: The Michigan Climate...

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Laws passed by Michigan lawmakers in 2023 will take effect

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Maker of CBD products asks court to decide

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The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here. Organized crime, from the mafia to small-time money laundering schemes, often evades criminal...

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New laws for 2024 – Buckle Up

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Oklahoma’s wild marijuana market is about to shrivel

Oklahoma’s wild marijuana market is about to shrivel

The world’s weed market, once booming with nearly 14,000 licensed medical marijuana businesses at its peak, has experienced a steady decline since Oklahoma voters overwhelmingly rejected a recreational legalization referendum in March.

Heightened enforcement by state regulators and law enforcement has forced numerous businesses to close their doors. Additionally, others have come to the realization that Oklahoma’s cannabis production is extraordinarily high—64 times more than necessary to meet the demands of the state’s medical patients, as highlighted by a recent study. Consequently, attempting to generate any profit from this oversaturated market has become an insurmountable challenge.

With the potential customer base gradually declining, the number of individuals enrolled in the medical program has decreased to nearly 350,000, from a previous high of over 385,000.

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Oklahoma serves as a cautionary tale for the nation’s marijuana legalization experiment, showcasing the amplified challenges faced by fledgling markets within its staunchly conservative climate.

The unlikely boom market has been sullied by dozens of raids on illegal cultivation sites, rampant diversion of products into the illicit market, allegations of human trafficking and grisly crimes, including a quadruple murder of Chinese nationals at a weed farm last November.

Struggling business owners express their relief that the crackdowns they have long awaited have finally arrived. They have grown increasingly frustrated in their efforts to compete with operators who ignore regulations and were hopeful that the market would experience significant growth following recreational legalization, especially with Texans venturing across the border.

But with the defeat of the ballot measure — every single county in the state voted against it — they’re now hoping that enough firms will fail that it will be more feasible to run a financially successful business.

Read more at Politico

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How DUI Charges Impact Your Child’s Future

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In Michigan driving is considered a privilege. with this privilege comes immense responsibility, especially when it comes to driving under the influence (DUI) as well as other responsibilities. The consequences of youth DUI extend far beyond the immediate legal...

read more
Rescheduling Marijuana Would Be a Threat to Public Health

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Kevin Sabet of Smart Approaches to Marijuana says policy makers need to learn from their mistakes with hemp when considering marijuana rescheduling. It’s rare for policymakers to get a preview of the consequences of pending policies, but the descheduling of...

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Meet MiChap

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Laws passed by Michigan lawmakers in 2023 will take effect

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Maker of CBD products asks court to decide

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Appeals Court – Detroit’s Asset Forfeiture Violates Due Process

Appeals Court – Detroit’s Asset Forfeiture Violates Due Process

A federal circuit judge writes that Detroit’s vehicle seizure scheme

“is simply a money-making venture—one most often used to extort money from those who can least afford it.”

A panel of federal appellate judges ruled that Detroit’s practice of seizing people’s cars for months before allowing them to contest the seizure violates vehicle owners’ 14th Amendment right to due process.

The U.S. Court of Appeals for the 6th Circuit, agreeing with a lower U.S. district court, found that Michigan’s Wayne County, which includes Detroit,

“violated that Constitution when it seized plaintiffs’ personal vehicles—which were vital to their transportation and livelihoods—with no timely process to contest the seizure.”

The 6th Circuit’s ruling mandates that Wayne County must conduct a court hearing for car owners post-seizure within a two-week timeframe. 

Wayne County will probably spend two weeks looking for a loophole.

Attorney Michael Komorn

Attorney Michael Komorn

State / Federal Legal Defense

With extensive experience in criminal legal defense since 1993 from pre-arrest, District, Circuit, Appeals, Supreme and the Federal court systems.

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An experienced attorney can provide guidance on how to navigate interactions with law enforcement while safeguarding your constitutional rights.

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NEWS RELEASE: USSC Adopts 2023 Amendments

NEWS RELEASE: USSC Adopts 2023 Amendments

WASHINGTON, D.C. ― Equipped with a quorum of Commissioners for the first time since 2018, the bipartisan United States Sentencing Commission voted today to promulgate amendments to the federal sentencing guidelines. “The Sentencing Commission is back in business,” said Chair Carlton W. Reeves. “Today, we are listening to Congress and the public by increasing first steps toward second chances, taking targeted action on gun trafficking and fentanyl, and expanding alternatives to incarceration. The policies issued today are common-sense ideas that will increase public safety while strengthening our communities.” Watch the public meeting.

During the pandemic, federal judges saved lives using their authority in 18 U.S.C. § 3582(c)(1)(A) to reduce sentences for incarcerated people facing “extraordinary and compelling” circumstances like certain risks posed by COVID-19. Responding to the First Step Act’s directive to increase the use and transparency of this tool, the Commission updated its guidelines to reflect lessons learned since the pandemic, ensure judges can continue to take first steps toward second chances for those who deserve them, and reunite families through appropriate reentry. “Judges are in the best position to decide if someone deserves to have the length of their sentence revisited,” said Chair Reeves. “This policy trusts courts to continue doing what is right.”

Since the Commission last had a quorum, communities across the country have struggled with the ills of gun trafficking and fentanyl. Congress directed the Commission to act on gun trafficking through the Bipartisan Safer Communities Act of 2022, while the Drug Enforcement Administration asked the Commission to evaluate possible action on fentanyl. In response, the Commission voted to take targeted action on both issues. “The problems of gun trafficking and drug overdoses demand a comprehensive response,” said Vice Chair Claire Murray. “I am proud to say the Commission is doing its part by ensuring we have proportional sentences for serious offenses.”

The Commission is also revising guidance to courts regarding people facing their first federal conviction. Relying on data and extensive analysis about recidivism, the Commission is acting to maximize public safety and encourage consideration of alternatives to incarceration. “Our new policies revise the sentencing guidelines based on empirical research and experience,” said Vice Chair Laura Mate. “This careful, evidence-based approach will increase fairness in sentencing and keep our communities safe.”

Among the many other policies issued by the Commission are those that seek to address ghost guns, sexual abuse of incarcerated people by correctional employees, clarify acceptance of responsibility points for defendants, and implement criminal justice legislation passed by Congress. “The policies issued today reflect the wide spectrum of views we received through public hearing testimony and tens of thousands of letters,” said Chair Reeves. “The policies issued today prove, beyond a doubt, that when you speak to the Commission, you will be heard.”

While the newly reconstituted Commission concludes its first policymaking cycle, there is more work to do. In the year to come, the Commissioners will continue to study a number of proposed policies, including those regarding how the guidelines treat acquitted conduct and the “categorical approach” to the career offender guideline. In the meantime, the Commission will send final amendments to Congress by May 1, 2023. If Congress does not act to disapprove the amendments, they will take effect on November 1, 2023. Visit the Commission’s website for more information about the amendment process and the changes approved today.

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Bad Ranking For Transparency in the Michigan Justice System

Bad Ranking For Transparency in the Michigan Justice System

by Wes Smith, president, MPA Board of Directors
Publisher View Newspaper Group

When there was a change in leadership in Michigan’s legislature earlier this year, hope rose again in the hearts of citizens who want a more transparent state government.

Maybe, it was thought by those citizens, the time has finally come for Michigan to join almost every other state in expecting their legislature and Governor to be subject to our open records law. Maybe, they thought, adding hope upon hope, new laws would be passed requiring other government officials to respond to records requests in a timely manner without outrageous fees. But, alas, it’s nearly November and there has not been even a small ray of sunshine in our state house or governor’s mansion.

Michigan remains at the bottom of the bottom for government openness among the fifty states. The Center for Public Integrity gave the Great Lakes State an “F” grade in 2015. In 2020 Michigan ranked 47th out of 50 for anti-corruption measures for public officials according to the Coalition for Integrity.

News reports of former House Speaker Johnson convicted of accepting bribes and Inkster Mayor Wimberly indicted on bribery charges, along with numerous other accounts of unethical behavior on the part of elected officials in our state, illustrate the importance of openness and transparency in government. 

In 2022 Michigan voters overwhelmingly supported a ballot initiative to require state elected officials to provide financial disclosure statements. In a recent study, done on behalf of the Michigan Press Association, there was more data showing Michigan voters want more information about what their elected officials are doing. Nearly 9 out of 10 Michigan adults believe that taxpayers should have access to the meeting calendars of state representatives and their correspondence with outside organizations as well as the budgets of these office holders.

Read the rest here at LegalNews

“When you got something to hide… You got something to hide” DW

Copy, Paste, Legislate beta

Do you know if a bill introduced in your statehouse — it might govern who can fix your shattered iPhone screen or whether you can still sue a pedophile priest years later — was actually written by your elected lawmakers? Use this new tool to find out.

Spoiler alert The answer may well be no.

Thousands of pieces of “model legislation” are drafted each year by business organizations and special interest groups and distributed to state lawmakers for introduction.

These copycat bills influence policymaking across the nation, state by state, often with little scrutiny.

This news application was developed by the Center for Public Integrity, part of a year-long collaboration with USA TODAY and the Arizona Republic to bring the practice into the light.

Check it out here

https://model-legislation.apps.publicintegrity.org/

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Ohio voters say yes to legal recreational cannabis

Ohio voters say yes to legal recreational cannabis

Recreational marijuana has been legalized in Ohio as voters overwhelmingly approved State Issue 2 on Tuesday. This groundbreaking decision now enables adults in Ohio to legally experience the advantages of marijuana for recreational purposes.

“Marijuana is no longer a controversial issue,” said Tom Haren, spokesman for the Coalition to Regulate Marijuana Like Alcohol, which gathered petitions to put the issue on the ballot.“

Ohioans demonstrated this by passing State Issue 2 in a landslide. Ohioans are being extremely clear on the future they want for our state: adult-use marijuana legal and regulated.”

Issue 2 permits adults 21 and over to legally use and grow marijuana, starting on Dec. 7, according to Haren.

With all precincts counted, the final, unofficial results from the Ohio Secretary of State indicate that the vote was 56.97% in favor of the measure and 43.03% against it.

The new law expands legal use beyond the medical marijuana law approved by the Ohio Legislature in 2016.

Opponents of Issue 2 included public health and mental health advocates, law enforcement, business groups, and stakeholders who expressed concerns about the potential health risks associated with marijuana.

They argued that legalizing this drug could result in marijuana companies becoming unjustly enriched, while also exposing children to potential risks. Additionally, opponents highlighted concerns that legalization may heighten the likelihood of crime, workplace injuries, and dangerous driving conditions.

Issue 2 will:

  • Allow adults age 21 or older to buy marijuana from licensed dispensaries.
  • Allow people to cultivate six marijuana plants at a time, with a limit of 12 per household, without a license. It would be illegal to sell home grown marijuana.
  • Expand Ohio’s medical marijuana system, offering licensed cultivators and dispensaries the chance to sell recreational marijuana, and also offering licenses to new applicants, including through a social equity and jobs program.
  • Prohibit advertising to minors and mandate setbacks to keep recreational dispensaries away from schools.
  • Tax each purchase at 10%. That money would be split 3% to cover regulatory efforts; 25% toward a substance abuse and addiction services fund; 36% toward a fund to create loans, grants and technical assistance to minority or disadvantaged business owners in the industry; and 36% toward revenue for local governments where recreational businesses exist.

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