Harris Sliwoski in the News

There is no substitute for proven expertise. That’s why leading media around the world so often turn to Harris Sliwoski for our insight.

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Federal health agency recommends easing marijuana restrictions

Griffen Thorne in The Washington Post

August 31st, 2023

 Under federal tax code, companies cannot deduct many ordinary business expenses if they deal in Schedule I or II controlled substances. That prohibition would no longer apply if marijuana becomes a Schedule III substance, finally allowing many cannabis companies to turn a profit, said Griffen Thorne, a cannabis industry attorney based in Los Angeles. “This would be a lifeline for an industry that has really been suffering,” Thorne said.

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Analysts: Falling U.S.-China trade is ‘harbinger’ of what’s to come

Robert Kossick in Inside U.S. Trade

August 29th, 2023

Packard, however, argued that growing U.S.-China tensions and increasing uncertainty is spurring Western companies to reorient supply chains out of China. This was echoed by Robert Kossick, an international trade lawyer at Harris Bricken, a law firm that assists companies relocating outside China.

“We are where we are today in part because of the initiatives and the legislative initiatives and the policy initiatives that are coming out of Washington, DC,” Kossick argued.

The flow of European, U.S., and Canadian businesses outsourcing contract manufacturing to China is drying up for a number of reasons, he told Inside U.S. Trade, citing “tariff reasons, policy reasons, [and] forced labor concerns.”

According to Kossick, the latest U.S.-China trade figures are a “harbinger” of further declines in the two countries’ trade.

“We realized how dependent and exposed we were to the goodwill of trading partners,” Kossick said, adding that it prompted companies to pursue improved supply chain security and sustainability even at the expense of cost and efficiency gains. “At a macro level, that is the ethos of our time.”

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China Economy Drop

Jonathan Bench on KSL News Radio

August 16th, 2023

“Most people thought China’s economy would rebound post-Covid, but it has largely stagnated. Utah has a solid business relationship with China, but manufacturers continue to look for nearshoring options. And companies staying in China for the China market are trying to figure out how to deepen their engagement while lamenting the fact that their prior engagement with the government is not as helpful as it used to be.”

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