U.N. Reclassifies Cannabis as a Less Dangerous Drug

U.N. Reclassifies Cannabis as a Less Dangerous Drug

U.N. Reclassifies Cannabis as a Less Dangerous Drug

A United Nations commission voted to remove marijuana for medical use from a list of the most risky narcotics, such as heroin.

A United Nations commission voted on Wednesday to remove cannabis for medicinal purposes from a category of the world’s most dangerous drugs, a highly anticipated and long-delayed decision that could clear the way for an expansion of marijuana research and medical use.

The vote by the Commission for Narcotic Drugs, which is based in Vienna and includes 53 member states, considered a series of recommendations from the World Health Organization on reclassifying cannabis and its derivatives. But attention centered on a key recommendation to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs — where it was listed alongside dangerous and highly addictive opioids like heroin.

Experts say that the vote will have no immediate impact on loosening international controls because governments will still have jurisdiction over how to classify cannabis. But many countries look to global conventions for guidance, and United Nations recognition is a symbolic win for advocates of drug policy change who say that international law is out of date.

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“This is a huge, historic victory for us, we couldn’t hope for more,” said Kenzi Riboulet-Zemouli, an independent researcher for drug policy who has closely monitored the vote and the position of member states. He said that cannabis had been used throughout history for medicinal purposes and that the decision on Wednesday reinstated that status.

The change will most likely bolster medical research and legalization efforts around the world.

The vote was a “big step forward,” recognizing the positive impact of cannabis on patients, said Dirk Heitepriem, a vice president at Canopy Growth, a Canadian cannabis company. “We hope this will empower more countries to create frameworks which allow patients in need to get access to treatment.”

Marijuana for medical use has exploded in recent years and products containing cannabis derivatives like cannabidiol or CBD, a nonintoxicating compound, have flooded the wellness industry. Cowen, an investment and financial services company, estimates that the CBD industry in the United States will be worth $16 billion by 2025.

1961-FINAL ACT OF THE UNITED NATIONS CONFERENCE FOR THE ADOPTION OF A SINGLE CONVENTION ON NARCOTIC DRUGS


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Marijuana Ballot Results 2020

Marijuana Ballot Results 2020

Six states had marijuana ballots that were voted on. 4 states are voted on adult-use (recreational) cannabis legalization and two states had medical marijuana ballots.

Arizona, Montana, New Jersey, and South Dakota have legalized marijuana for adults 21 and older, as voters in each state approved their respective ballot initiatives at the ballot box. South Dakota also passed a medical marijuana initiative and became the first state in American history to enact both policies on the same day. 

Ballotpedia

Below are links to in-depth details regarding the state, the ballot, the supporters, the donors, history and so much more from Ballotpedia. This website you could go in and never come out – there is so much past and current organized political data. Please donate and keep this entity running.

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The following states had recreational ballots for 2020.

Arizona (passed)

Arizona Proposition 207, Marijuana Legalization Initiative (2020)

Proposition 207 also allowed anyone convicted of certain marijuana-related crimes related to possession, consumption, cultivation, and transportation to petition for the expungement of their criminal record starting on July 12, 2021.

Read the Arizona proposition to legalize marijuana
Arizona Proposition 207: Marijuana Legalization Initiative

See more in-depth details about Arizona and elections here.

Montana (passed)

Read the Montana proposition to legalize marijuana
Montana CI-118: Allow for a Legal Age for Marijuana Amendment
Montana I-190, Marijuana Legalization Initiative (2020)

See more in-depth details about Montana and elections here.

New Jersey (passed)

Read the New Jersey proposition to legalize marijuana
New Jersey Public Question 1: Marijuana Legalization Amendment

See more in-depth details about New Jersey and elections here.

South Dakota (passed)

Read the Montana propositions to legalize marijuana
South Dakota Constitutional Amendment A: Marijuana Legalization Initiative

See more in-depth details about South Dakota and elections here.

Voting on Medical Marijuana Legalization:

Mississippi (Passed 65)

Read the Mississippi proposition for medical marijuana
Mississippi Initiative 65 and Alternative 65A: Medical Marijuana Amendment

See more in-depth details about Mississippi and elections here.

Coming Up

  1. Mississippi Ballot Measure 1, Initiative 65 and Alternative 65A, Medical Marijuana Amendment (2020)
  2. Mississippi Marijuana Legalization, Criminal Record Expungement, and Firearm Possession for Non-Violent Felons Amendment (2022)
  3. Mississippi Marijuana Legalization Amendment (2022)

South Dakota (passed)

Read the Montana propositions to legalize marijuana
South Dakota Constitutional Amendment A: Marijuana Legalization Initiative

See more in-depth details about South Dakota and elections here.

Meanwhile…in Oregon

Oregon

Oregon voters considered two separate drug reform measures.

Measure 109 basically would legalize the medical use of psilocybin.

Measure 110 basically decriminalizes the personal possession of small amounts of illicit drugs, including but not limited to:

  • Cocaine
  • Heroin
  • Oxycodone
  • Methamphetamine.

It also reduces the penalties for possessing larger amounts.

Supporters say the objective is to remove those who are addicted to drugs out of the criminal justice system and to treat their addiction as a medical issue.

Measure 109

Measure 109 created a program for administering psilocybin products, such as psilocybin-producing mushrooms and fungi, to individuals aged 21 years or older. As of 2020, the manufacturing and consumption of psilocybin is illegal.

The Oregon Health Authority (OHA) will be responsible for establishing the program and creating regulations. OHA has a two-year period to develop the program. An Oregon Psilocybin Advisory Board (OPAB) advise the OHA. Clients would be allowed to purchase, possess, and consume psilocybin at a psilocybin service center and under the supervision of a psilocybin service facilitator after undergoing a preparation session. Under Measure 109, the Oregon Health Authority (OHA) determines who is eligible to be licensed as a facilitator, determine what qualifications, education, training, and exams are needed, and create a code of professional conduct for facilitators. OHA would set psilocybin dosage standards and labeling and packaging rules.[1]

Measure 109 allowed cities and counties to place referendums on local ballots to prohibit or allow psilocybin-product manufacturers or psilocybin service centers in unincorporated areas within their jurisdictions. The measure prohibited psilocybin service centers within the limits of an incorporated city or town.

Measure 110 

The measure reclassified personal/non-commercial drug possession offenses. Possession of a controlled substance in Schedule I-IV, such as heroin, cocaine, and methamphetamines, was reclassified from a Class A misdemeanor to a Class E violation resulting in a $100 fine or a completed health assessment. Individuals who manufacture or distribute illegal drugs are still subject to a criminal penalty. The Oregon Criminal Justice Commission estimated that convictions for possession of a controlled substance would decrease by 3,679 or 90.7%

2020 Cannabis Ballot Measures Links:

A State-by-State Look Marijuana

Marijuana is fully legalized and retail sales are ongoing

Following the green sweep on election night, there are now 15 states that have given a thumbs-up to recreational and medical marijuana. But not all of them are currently selling the product. Right now, 10 states have waved the green flag on the sale and consumption of adult-use weed (listed alphabetically):

Alaska

California

California is the most populous state in the country and the most valuable marijuana market in the U.S. (and world). Though estimates vary, the Golden State could be raking in up to $11 billion in annual sales by 2030.

Colorado

Illinois

Maine

Despite legalizing adult-use cannabis in November 2016, it took Maine until Oct. 9, 2020 to officially launch the retail sale of recreational pot. Illinois also stands out as the first state to legalize the recreational consumption and sale of marijuana entirely at the legislative level.

Massachusetts

Michigan

Nevada

Oregon

Oregon becomes 1st state in the US to decriminalize drug possession.

Voters were trippin’ in the West Coast state, approving two landmark measures — one to legalize psychedelic mushrooms and another that decriminalizes small amounts of illegal drugs.

Measure 109 passed with more than 56 percent of the vote, making Oregon the first state in the nation to allow supervised use of psilocybin, or magic mushrooms. It will allow for regulated use of ‘shrooms in a therapeutic setting.

Measure 110 was passing by a wide margin in unofficial returns updated Wednesday morning.

Selling and manufacturing drugs will remain illegal. Unless you are the government collecting taxes or using to keep part of the population addicted to hand outs.

Funding those programs some claim will come through the reallocation of tens of millions of dollars generated by Oregon’s cannabis tax.

The best part of it all. The measure also is likely (air quotes) to create savings in the criminal justice system because of fewer drug arrests, prosecutions and incarcerations. Those savings would be redirected into a new state fund for treatment and other services.

Washington

States that cannabis has been fully legalized, but retail sales haven’t yet commenced

That leaves five states that have passed legislation or voted to legalize adult-use cannabis (on top of medical use), but which haven’t yet opened retail locations. These five states are:

  • Arizona
  • Montana
  • New Jersey
  • South Dakota
  • Vermont

Medical marijuana is legalized, but adult-use weed is illegal

After the 15 states that’ve legalized both recreational and medical cannabis, 21 additional states have waved the green flag solely on medical marijuana. In alphabetical order, these states are:

  • Arkansas
  • Connecticut
  • Delaware
  • Florida
  • Hawaii
  • Louisiana
  • Maryland
  • Minnesota
  • Mississippi
  • Missouri
  • New Hampshire
  • New Mexico
  • New York
  • North Dakota
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Rhode Island
  • Utah
  • Virginia
  • West Virginia

Finally, there are 14 states where cannabis is illegal… period! These states are:

Both recreational and medical marijuana are illegal

  • Alabama
  • Georgia
  • Idaho
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Nebraska
  • North Carolina
  • South Carolina
  • Tennessee
  • Texas
  • Wisconsin
  • Wyoming

More Useful Links

Some History of Marijuana Ballots By State

Alaska

1.     Alaska Legalize Marijuana Initiative, Measure 2 (2004)

2.    Alaska Marijuana Criminalization Initiative, Measure 2 (1990)

3.    Alaska Marijuana Decriminalization Initiative, Measure 5 (2000)

4.    Alaska Marijuana Legalization, Ballot Measure 2 (2014)

5.    Alaska Medical Marijuana Act, Measure 8 (1998)

Arizona

1.     Arizona Marijuana Legalization, Proposition 203 (2002)

2.    Arizona Marijuana Legalization, Proposition 205 (2016)

3.    Arizona Medical Marijuana Question, Proposition 203 (2010)

4.    Arizona Medical Use of Schedule 1 Drugs, Proposition 300 (1998)

5.    Arizona Probation Eligibility for Drug Offenses, Proposition 301 (1998)

6.    Arizona Proposition 207, Marijuana Legalization Initiative (2020)

7.    Arizona Rules Governing Probation for Drug-Related Crimes, Proposition 302 (2002)

8.    Arizona Use or Possession of Controlled Substances, Proposition 200 (1996)

Arkansas

1.     Arkansas Medical Marijuana Amendment, Issue 6 (2016)

2.    Arkansas Medical Marijuana Question, Issue 5 (2012)

3.    Arkansas Recreational Marijuana Initiative (2022)

California

1.     California Marijuana Legalization, Proposition 19 (1972)

2.    California Proposition 19, the Marijuana Legalization Initiative (2010)

3.    California Proposition 215, the Medical Marijuana Initiative (1996)

4.    California Proposition 36, Probation and Treatment for Drug-Related Offenses (2000)

5.    California Proposition 5, Non-Violent Drug Offenders (2008)

6.    California Proposition 64, Marijuana Legalization (2016)

Colorado

1.     Colorado Amendment X, Definition of Industrial Hemp Amendment (2018)

2.    Colorado Marijuana Legalization Initiative, Amendment 64 (2012)

3.    Colorado Marijuana Possession, Initiative 44 (2006)

4.    Colorado Marijuana TABOR Refund Measure, Proposition BB (2015)

5.    Colorado Medical Use of Marijuana, Initiative 20 (2000)

6.    Colorado Proposition AA, Taxes on the Sale of Marijuana (2013)

Florida

1.     Florida Marijuana Legalization Initiative (2022)

2.    Florida Marijuana Legalization and Medical Marijuana Treatment Center Sales Initiative (2022)

3.    Florida Medical Marijuana Legalization, Amendment 2 (2016)

4.    Florida Medical Marijuana Plants Initiative (2022)

5.    Florida Medical Marijuana for Mental Health Disorders Initiative (2022)

6.    Florida Right to Medical Marijuana Initiative, Amendment 2 (2014)

Georgia

1.     Georgia Jurisdiction of Marijuana Cases, Amendment 9 (1980)

Maine

1.     Maine Marijuana Legalization, Question 1 (2016)

2.    Maine Medical Marijuana Initiative, Question 5 (2009)

3.    Maine Medical Marijuana for Specific Illnesses, Question 2 (1999)

Massachusetts

1.     Massachusetts Marijuana Legalization, Question 4 (2016)

2.    Massachusetts Medical Marijuana Initiative, Question 3 (2012)

3.    Massachusetts Sensible Marijuana Policy Initiative, Question 2 (2008)

Michigan

1.     Michigan Medical Marijuana Initiative, Proposal 1 (2008)

2.    Michigan Proposal 1, Marijuana Legalization Initiative (2018)

Mississippi

1.     Mississippi Ballot Measure 1, Initiative 65 and Alternative 65A, Medical Marijuana Amendment (2020)

2.    Mississippi Marijuana Legalization, Criminal Record Expungement, and Firearm Possession for Non-Violent Felons Amendment (2022)

3.    Mississippi Marijuana Legalization Amendment (2022)

Missouri

1.     Missouri Amendment 2, Medical Marijuana and Veteran Healthcare Services Initiative (2018)

2.    Missouri Amendment 3, Medical Marijuana and Biomedical Research and Drug Development Institute Initiative (2018)

3.    Missouri Proposition C, Medical Marijuana and Veterans Healthcare Services, Education, Drug Treatment, and Public Safety Initiative (2018)

Montana

1.     Montana CI-118, Allow for a Legal Age for Marijuana Amendment (2020)

2.    Montana I-190, Marijuana Legalization Initiative (2020)

3.    Montana Medical Marijuana Allowance, I-148 (2004)

4.    Montana Medical Marijuana Initiative, I-182 (2016)

5.    Montana Medical Marijuana Veto Referendum, IR-124 (2012)

Nevada

1.     Nevada Decriminalization of Marijuana Amendment, Question 9 (2002)

2.    Nevada Marijuana Initiative, Question 7 (2006)

3.    Nevada Marijuana Legalization, Question 2 (2016)

4.    Nevada Medical Marijuana Act, Question 9 (1998)

5.    Nevada Medical Marijuana Act, Question 9 (2000)

New Jersey

1.     New Jersey Public Question 1, Marijuana Legalization Amendment (2020)

North Dakota

1.     North Dakota Legalize Marijuana and Allow Home Growth Amendment (2022)

2.    North Dakota Marijuana Legalization Statutory Initiative (2022)

3.    North Dakota Measure 3, Marijuana Legalization and Automatic Expungement Initiative (2018)

4.    North Dakota Medical Marijuana Legalization, Initiated Statutory Measure 5 (2016)

Ohio

1.     Ohio Marijuana Legalization Initiative, Issue 3 (2015)

Oklahoma

1.     Oklahoma State Question 788, Medical Marijuana Legalization Initiative (June 2018)/Full article

2.    Oklahoma State Question 807, Marijuana Legalization Initiative (2022)

3.    Oklahoma State Question 812, Marijuana Decriminalization Initiative (2022)

Oregon

1.     Oregon Cannabis Tax Act Initiative, Measure 80 (2012)

2.    Oregon Legalized Marijuana Initiative, Measure 91 (2014)

3.    Oregon Marijuana Legalization for Personal Use, Ballot Measure 5 (1986)

4.    Oregon Marijuana Possession as a Class C Misdemeanor, Measure 57 (1998)

5.    Oregon Medical Marijuana, Measure 67 (1998)

6.    Oregon Medical Marijuana Allowance Measure 33 (2004)

7.    Oregon Regulated Medical Marijuana Supply System Act, Measure 74 (2010)

South Dakota

1.     South Dakota Constitutional Amendment A, Marijuana Legalization Initiative (2020)

2.    South Dakota Industrial Hemp, Initiative 1 (2002)

3.    South Dakota Initiated Measure 26, Medical Marijuana Initiative (2020)

4.    South Dakota Medical Marijuana, Initiative 13 (2010)

5.    South Dakota Medical Marijuana, Initiative 4 (2006)

Utah

1.     Utah Proposition 2, Medical Marijuana Initiative (2018)

Washington

1.     Washington Elimination of Agricultural Tax Preferences for Marijuana, Advisory Vote No. 8 (2014)

2.    Washington Marijuana Decriminalization, Initiative 685 (1997)

3.    Washington Marijuana Legalization and Regulation, Initiative 502 (2012)

4.    Washington Medical Marijuana, Initiative 692 (1998)

5.    Washington Medical Marijuana Patient Database Fee Advisory Vote No. 11 (2015)

6.    Washington Prohibit Marijuana Cultivation, Processing, and Sales in Residential Zones Initiative (2021)

2020 was the worst – Here

2020 Presidential candidates on many of the issues

See also: Presidential election, 2020

Click on any of the following links to read policy positions from the 2020 presidential candidates.

Abortion

Criminal justice

Economy

Education

Energy and environmental issues

Foreign policy

Gun regulation

Healthcare

Immigration

Impeachment

Labor

Trade

Attorney Michael Komorn is the host of Planet Green Trees TV – Michigan’s marijuana reform show for a long long time that is broadcast every Thursday night 8-10 pm EST. For Links and More Info visit PlanetGreenTreesTV.com.


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DISCLAIMER
This post may contain re-posted content, opinions, comments, ads, third party posts, outdated information, posts from disgruntled persons, posts from those with agendas and general internet BS. Therefore…Before you believe anything on the internet regarding anything do your research on Official Government and State Sites, Call the Michigan State Police, Check the State Attorney General Website and Consult an Attorney.

The IRS is Ready to Take Your Marijuana Money

The IRS is Ready to Take Your Marijuana Money

The IRS has a web page for marijuana business owners to pay their taxes. But first…

CCE in Michigan

Marijuana is still a controlled substance schedule 1 in Michigan even though the people voted to legalize it. There is a reason for that some will learn soon enough. Anyhow… The State and the IRS have conspired and Joined the CCE to take their cut.

A CCE in Michigan is a 20 year felony. If you’ve ever been threatened by a prosecutor for a CCE don’t be mad… it is what it is…right…? The times they are a changing…right?

But wait there’s more… prosecutors have to throw racketeering and conspiracy on there too as well as whatever else they can throw against the wall to see what sticks…and you… well you have to defend yourself and the more charges the more you have to pay to defend yourself. It’s a war of attrition and the prosecutors have unlimited funds.

Here’s one of The Law In Michigan

750.159i Prohibited conduct.

Sec. 159i.  (1) A person employed by, or associated with, an enterprise shall not knowingly conduct or participate in the affairs of the enterprise directly or indirectly through a pattern of racketeering activity.  (2) A person shall not knowingly acquire or maintain an interest in or control of an enterprise or real or personal property used or intended for use in the operation of an enterprise, directly or indirectly, through a pattern of racketeering activity.  (3) A person who has knowingly received any proceeds derived directly or indirectly from a pattern of racketeering activity shall not directly or indirectly use or invest any part of those proceeds, or any proceeds derived from the use or investment of any of those proceeds, in the establishment or operation of an enterprise, or the acquisition of any title to, or a right, interest, or equity in, real or personal property used or intended for use in the operation of an enterprise.  (4) A person shall not conspire or attempt to violate subsection (1), (2), or (3).

Here’s some more detail for Michigan CCE

CCE Federally

Sometimes known as The Kingpin Statute or the Continuing Criminal Enterprise Statute (CCE) is a federal law, which is focused on persons who may be considered “drug lords” or maintain a supervisory role in drug trafficking on a substantial basis. The CCE statute usually targets organized crime or drug “kingpins.”

Continuing Criminal Enterprise Defined in 21 U.S.C. 848, (gender specific)

(a)Penalties; forfeitures

Any person who engages in a continuing criminal enterprise shall be sentenced to a term of imprisonment which may not be less than 20 years and which may be up to life imprisonment, to a fine not to exceed the greater of that authorized in accordance with the provisions of title 18 or $2,000,000 if the defendant is an individual or $5,000,000 if the defendant is other than an individual, and to the forfeiture prescribed in section 853 of this title; except that if any person engages in such activity after one or more prior convictions of him under this section have become final, he shall be sentenced to a term of imprisonment which may not be less than 30 years and which may be up to life imprisonment, to a fine not to exceed the greater of twice the amount authorized in accordance with the provisions of title 18 or $4,000,000 if the defendant is an individual or $10,000,000 if the defendant is other than an individual, and to the forfeiture prescribed in section 853 of this title.

(b)Life imprisonment for engaging in continuing criminal enterprise

Any person who engages in a continuing criminal enterprise shall be imprisoned for life and fined in accordance with subsection (a), if—(1)such person is the principal administrator, organizer, or leader of the enterprise or is one of several such principal administrators, organizers, or leaders; and

(2) (A)the violation referred to in subsection (c) (1) involved at least 300 times the quantity of a substance described in subsection 841(b)(1)(B) of this title, or

(B)the enterprise, or any other enterprise in which the defendant was the principal or one of several principal administrators, organizers, or leaders, received $10 million dollars in gross receipts during any twelve-month period of its existence for the manufacture, importation, or distribution of a substance described in section 841(b)(1)(B) of this title.

(c)“Continuing criminal enterprise” definedFor purposes of subsection (a), a person is engaged in a continuing criminal enterprise if—(1)he violates any provision of this subchapter or subchapter II the punishment for which is a felony, and

(2)such violation is a part of a continuing series of violations of this subchapter or subchapter II—(A)which are undertaken by such person in concert with five or more other persons with respect to whom such person occupies a position of organizer, a supervisory position, or any other position of management, and

(B)from which such person obtains substantial income or resources.

(d)Suspension of sentence and probation prohibited

In the case of any sentence imposed under this section, imposition or execution of such sentence shall not be suspended, probation shall not be granted, and the Act of July 15, 1932 (D.C. Code, secs. 24–203—24–207), shall not apply.

(e)Death penalty

(1)In addition to the other penalties set forth in this section—(A)any person engaging in or working in furtherance of a continuing criminal enterprise, or any person engaging in an offense punishable under section 841(b)(1)(A)[1] of this title or section 960(b)(1)[1] of this title who intentionally kills or counsels, commands, induces, procures, or causes the intentional killing of an individual and such killing results, shall be sentenced to any term of imprisonment, which shall not be less than 20 years, and which may be up to life imprisonment, or may be sentenced to death; and(B)any person, during the commission of, in furtherance of, or while attempting to avoid apprehension, prosecution or service of a prison sentence for, a felony violation of this subchapter or subchapter II who intentionally kills or counsels, commands, induces, procures, or causes the intentional killing of any Federal, State, or local law enforcement officer engaged in, or on account of, the performance of such officer’s official duties and such killing results, shall be sentenced to any term of imprisonment, which shall not be less than 20 years, and which may be up to life imprisonment, or may be sentenced to death.

(2)As used in paragraph (1)(B), the term “law enforcement officer” means a public servant authorized by law or by a Government agency or Congress to conduct or engage in the prevention, investigation, prosecution or adjudication of an offense, and includes those engaged in corrections, probation, or parole functions.(g) [2] to (p) Repealed. Pub. L. 109–177, title II, § 221(2), Mar. 9, 2006, 120 Stat. 231(q)Repealed. Pub. L. 109–177, title II, §§ 221(4), 222(c), Mar. 9, 2006, 120 Stat. 231, 232(r)Repealed. Pub. L. 109–177, title II, § 221(3), Mar. 9, 2006, 120 Stat. 231(s)

Special provision for methamphetamine

For the purposes of subsection (b), in the case of continuing criminal enterprise involving methamphetamine or its salts, isomers, or salts of isomers, paragraph (2)(A) shall be applied by substituting “200” for “300”, and paragraph (2)(B) shall be applied by substituting “$5,000,000” for “$10 million dollars”.


So the IRS will take your money – They will even take cash because you can’t bank because it is still considered an illegal business. Here are their instructions.

Hopefully they will spend it wisely… or not.

Enter… the IRS

A key component in promoting the highest degree of voluntary compliance on the part of taxpayers is helping them understand and meet their tax responsibilities while also enforcing the law with integrity and fairness to all. This article provides general guidance including frequently asked questions for taxpayers in the marijuana industry.

I.R.C. § 280E and the Marijuana Industry

Businesses that traffic marijuana in contravention of federal or state law are subject to the limitations of Internal Revenue Code (IRC) Section 280E. The Marijuana Industry FAQs, linked below, address federal tax filing and information report requirements specific to taxpayers in this industry.

Income Reporting

Income from any source is taxable and taxpayers are generally required to file a tax return to report that income to the IRS. Many marijuana-industry businesses conduct transactions in cash, which need to be reported, like any other form of payment. See Publication 334, Tax Guide for Small Business, for more details.

Cash Payment Options

Cash payment options are available for unbanked taxpayers. Some IRS Taxpayer Assistance Centers accept cash. Call 844-545-5640 for a location near you to schedule an appointment. Publication 5435 (PDF) provides additional details about cash payment options.

Large Cash Amounts

Any person in a trade or business who receives more than $10,000 in cash in a single transaction or in related transactions must file Form 8300 (PDF), Report of Cash Payments Over $10,000 Received in a Trade or Business, within 15 days after receiving payment.

Estimated Payments

Small business taxpayers often need to make quarterly estimated tax payments to cover their tax obligation. Form 1040-ES, Estimated Tax for Individuals, will help to figure these payments. IRS Direct Pay is the fastest and easiest way to make these payments. The Treasury Department’s (EFTPS) system is also an option.

Records

Good records assist in monitoring a business’s progress, tracking deductible expenses and can substantiate items reported on tax returns. A good recordkeeping system includes a summary of all business transactions. Generally, it is best to record transactions daily.

More Information

LINKS

IRS – Marijuana Industry Page
IRS – Marijuana Industry Frequently Asked Questions

Starting A Cannabis Business? You will require legal guidance
Komorn Law  provides legal guidance and consultation to those interested in Cannabis  businesses.
Call  Our Office 248-357-2550 or Google Komorn Law and do your research.


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2nd amendment 2020 2021 BMMR cannabis CBD corruption corruption. prosecutors detroit dispensary Driving DUI expungement federal forfeiture ginnifer hency gun rights guns hemp komornlaw Komorn Law Victories lara law enforcement abuse laws legal Legalization marijuana Medical Marijuana Michigan michigan laws michigan news MMFLA MMMA MMMA Regulations MRA news police politics Recreational Cannabis science shattuck supreme court usa news us supreme court Your Rights

DISCLAIMER
This post may contain re-posted content, opinions, comments, ads, third party posts, outdated information, posts from disgruntled persons, posts from those with agendas and general internet BS. Therefore…Before you believe anything on the internet regarding anything do your research on Official Government and State Sites, Call the Michigan State Police, Check the State Attorney General Website and Consult an Attorney.

IRS report predicts national rise in cannabis industry tax audits.

IRS report predicts national rise in cannabis industry tax audits.

A recently released report from a branch of the U.S. Treasury Department states the Internal Revenue Service is preparing to launch an increase in marijuana industry audits nationwide, However, it also offers a possible way for marijuana companies to skirt federal taxes.

The IRS is closely monitoring the marijuana industry and intends to target companies that have failed to pay their full federal tax obligations.The agency has plans to enforce the collection of those taxes.

The report – written by the Treasury Inspector General for Tax Administration (TIGTA) – found there are likely hundreds of millions of dollars in unpaid taxes owed by the marijuana industry under Section 280E of the Internal Revenue Code, which prohibits standard business deductions by companies that traffic in federally illegal drugs, including marijuana.

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.

Definition of Controlled Substance Schedules

Drugs and other substances that are considered controlled substances under the Controlled Substances Act (CSA) are divided into five schedules. An updated and complete list of the schedules is published annually in Title 21 Code of Federal Regulations (C.F.R.) §§1308.11 through 1308.15. Substances are placed in their respective schedules based on whether they have a currently accepted medical use in treatment in the United States, their relative abuse potential, and likelihood of causing dependence when abused. Some examples of the drugs in each schedule are listed below.

Schedule I Controlled Substances

Substances in this schedule have no currently accepted medical use in the United States, a lack of accepted safety for use under medical supervision, and a high potential for abuse.

Some examples of substances listed in Schedule I are: heroin, lysergic acid diethylamide (LSD), marijuana (cannabis), peyote, methaqualone, and 3,4-methylenedioxymethamphetamine (“Ecstasy”).

Schedule II/IIN Controlled Substances (2/2N)

Substances in this schedule have a high potential for abuse which may lead to severe psychological or physical dependence.

Examples of Schedule II narcotics include: hydromorphone (Dilaudid®), methadone (Dolophine®), meperidine (Demerol®), oxycodone (OxyContin®, Percocet®), and fentanyl (Sublimaze®, Duragesic®).  Other Schedule II narcotics include: morphine, opium, codeine, and hydrocodone.

Examples of Schedule IIN stimulants include: amphetamine (Dexedrine®, Adderall®), methamphetamine (Desoxyn®), and methylphenidate (Ritalin®).

Other Schedule II substances include: amobarbital, glutethimide, and pentobarbital.

Farmington Hills, MI-based Attorney Michael Komorn who has represented the medical marijuana businesses and recreational cannabis licensing and legal defense stated “Here they come like we knew they would… so now is the time to prepare.”

Recent Posts

Michigan medical marijuana law does not protect liars court of appeals says

Michigan medical marijuana law does not protect liars court of appeals says

LANSING, MI — Michigan courts and police continue to work within a gray created by state marijuana legalization that contradicts federal law.

Not only are lines blurred by conflicting jurisdictional laws, and complicated by the division of the state’s medical and recreational statutes, but Michigan courts operate, in part, based on precedents established under the now-faulty premise that marijuana is illegal.

A court ruling  could help to tidy things up a bit. The Court of Appeals in an opinion published Feb. 13, 2020 ruled that, while police must have more evidence than simply the scent of marijuana to justify a warrant-less vehicle search, lying or deceiving police may change that.

In November 2018, Trooper Allan Park of the Michigan State Police stopped medical marijuana caregiver Thomas Moorman at a gas station in the Upper Peninsula’s Alger County for speeding.

Park claimed he smelled “a strong odor of fresh marijuana emanating from the vehicle, which indicated to him that there was a ‘good quantity’ of marijuana in the vehicle,” the Court of Appeals said in their ruling.

Moorman said he had no marijuana but as questioning persisted, he admitted that he harvested some marijuana earlier in the day. He also told the trooper he was a registered medical marijuana caregiver with five assigned patients, the Court of Appeals said.

The court ruled. ” … We conclude that defendant’s behavior (denying the presence of marijuana) was inconsistent with being in lawful possession of marijuana … This behavior, in conjunction with the odor of marijuana, gave rise to probable cause …

The court did not address how possession of recreational marijuana might impact an officer’s right to conduct a vehicle search.

Read More @Mlive.

Case Law Reference

People v Williams, 472 Mich 308, 315; 696 NW2d 636 (2005).

“[U]nder the automobile exception, the police may search a motor vehicle without the necessity of first obtaining a warrant if probable cause to support the search exists.”

Kazmierczak, 461 Mich at 418-419.

In Kazmierczak, this Court held that “the smell of marijuana alone by a person qualified to know the odor may establish probable cause to search a motor vehicle, pursuant to the motor vehicle exception to the warrant requirement.” Kazmierczak, 461 Mich at 413.