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
Reform Today’s Forfeiture Laws
Everyday, I get calls to my office from medical marijuana patients and caregivers who have been raided or pulled over by police. Often times, these individuals are not arrested, and little if any paperwork is left behind by the various Narcotics Enforcement Teams....
KOMORN LAW NEWSLETTER ISSUE #1 May 2015
The Michigan Legal Advisor News Letters. Read the current newsletter from Michigan's #1 Medical Marijuana Defense Attorney Michael Komorn. KOMORN LAW NEWSLETTER ISSUE #1 May 2015 Michael Komorn is recognized as a leading expert on the Michigan Medical...
Attorney Michael Komorn Lectures Students at the U of M Law School
I wanted to give a huge thanks to University of Michigan Law School Professors Howard Bromberg, Mark Osbeck and Law School class. This past Thursday I had the honor of being asked to speak about my favorite topics, the Michigan Medical Marihuana Act and the practice...
Jury Selection In Marihuana Cases
A jury trial is fundamental to our democratic system of government. Every American citizen should embrace this responsibility by participating, and ensure justice prevails. by Michael Komorn I just picked a jury in a marihuana case, there were several perspective...
Planet Green Trees Radio Episode 149-MSC People v. Koon
The best resource for everything related to Michigan medical marijuana with your host Attorney Michael Komorn. Live every Thursday evening from 8 -10 pm eastern time. By Michael Komorn The Michigan Supreme Court issued a unanimous opinion making a finding that...
Polygraphs Proven Unreliable, Used for Police Intimidation
Polygraphs are widely recognized as unreliable yet police still use them to elicit confessions. By Michael Komorn Many states don’t allow polygraph test to be admitted in court because they are unreliable. Their lack of reliability is widely recognized by criminal...
Arrests for DUI’s on the Rise
By Michael Komorn Arrests for DUI’s have been on the rise across Michigan. This trend could drastically increase as The National Transportation Safety Board (NTSB) has called on state authorities to reduce the legal limit to 0.05 percent. Currently, all 50 U.S. states...
US District Court Judge rules police cannot enter a car without a warrant to facilitate a drug dog sniff
Federal Judge Applies GPS Ruling To Drug Dog Traffic Stop By Michael Komorn Last week, a judge with the US District Court for the Southern District of West Virginia applied the precedent to the common police practice of “permeation” where a police officer enters a...
Drug Checkpoints: Unconstitutional
By Michael Komorn The Supreme Court ruled in City of Indianapolis V. Edmund that drug check points are unconstitutional. So what happens when you see one on the highway? Keep calm and carry on. Police, especially in the Mid-west, have been using drug check points as a...
Knowing When to Exercise Your Rights
Remember, even if you are doing nothing wrong, there are a number of different outcomes that can occur from a police encounter. The short list includes: 1) No action, no problems; 2) A warning or citation; 3) An arrest and/or criminal charges. Exercising your rights...
