Tropics LP, under a new entity called Skymint Acquisition Co., acquired the assets of Green Peak Industries, doing business as Skymint, for $109.4 million.
Nuff said
Please note that cannabis at the time of this post being published is still a controlled substance illegal drug federally.
26 U.S. Code § 280E – Expenditures in connection with the illegal sale of drugs
No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the Controlled Substances Act) which is prohibited by Federal law or the law of any State in which such trade or business is conducted.
More Posts
The Police Took Your Cellphone – Now What?
Everything you have and say will be evidence used against you. The Police took your cellphone - Now what?After your arrest, you arrive at the police station where you go through the booking process, and your cellphone is taken from you. Once you are released, your...
Feeling Bullied? Here’s Michigan’s Anti Bullying Laws.
Michigan Anti-Bullying Laws & Policies Components of State Anti-Bullying Laws and Regulations How are bullying and cyberbullying defined in Michigan anti-bullying laws and regulations? Michigan anti-bullying laws and regulations include the following...
Former 3M scientist who made unsettling PFAS discovery says bosses deceived her
Gee - What a surprise... When a former 3M scientist discovered the company’s chemicals were in human blood in the general population, she says her bosses misled her to believe it was harmless.3M accused of deceiving its own scientist about PFAS in human blood Hansen...
Drones – What Drones?
Jersey cops launched into the night sky with catapults to throw dreamcatchers at the unknown drones to entangle their props and bring em down! Just kidding - I think.Darrr.. What drones? Those drones pose no threat there are no drones. That's just a balloon,...
Cash For Kids Judge Pardoned (The Kickback Club)
Biden’s commutation for Judge in ‘kids for cash’ scandal should anger the entire universe.Biden’s commutation in ‘kids for cash’ scandal. BY MICHAEL RUBINKAMUpdated 5:32 PM EST, December 13, 2024A judge implicated in one of the most notorious judicial scandals in U.S....
Trump plans – How does Cannabis Business fit in?
You work hard. Now get ready to work harder to prepare to give more.President Biden's administration has proposed the reclassification of marijuana from a Schedule I controlled substance to a Schedule III drug, which recognizes its medical benefits. This significant...
When Can Police Take Your Dash Cam?
You work hard. Now get ready to work harder to prepare to give more.In Michigan, police can take your dashcam footage in specific situations, primarily when they believe it could serve as evidence in a criminal investigation. Michigan law permits officers to seize...
People who are going to need a Lawyer – November 12, 2024
People who are going to need a LawyerMan so drunk field sobriety tests were ‘too dangerous’ sentenced to life in prison for repeated DWI convictions‘Several terabytes’: Diddy prosecutors shed light on ‘voluminous’ discovery, including iCloud accounts and dozens of...
Cambridge Analytica data breach comes before court
Oral arguments in Facebook v. Amalgamated Bank will beginThe justices are set to review securities law as they hear arguments in a significant case linked to the 2015 data breach involving Cambridge Analytica and Facebook. The tech giant’s effort to fend off federal...
Search and Seizure – Consent or Plain view
The Fourth Amendment was established to protect individuals from unreasonable searches and seizures, yet there are exceptions.In Michigan, understanding the concepts of search and seizure, particularly regarding consent and plain view, is crucial for both law...
