On March 31, 2021, former New York Governor Andrew Cuomo signed the Marijuana Regulation and Taxation Act (MRTA), creating a new Tax Law Article 20-C…
As of October 21, 33 states and the District of Columbia have allowed the use of medical marijuana. In addition, recreational marijuana is legalized in…
The IRS has made it daunting for an investor to make an after-tax profit in the marijuana business. Aside from the criminal laws, which are…
More than 25 states allow the sale of marijuana for medicinal use; eight states permit the sale for recreational use. This activity has created new…
Editor's Note: CPAs who plan to practice in this area are cautioned to familiarize themselves with the relevant state and federal laws governing the distribution, sale,…
Despite medical marijuana legalization prevailing in nearly one-half of the 50 states, the U.S. Congress and the federal court system have not embraced this nascent…