Marijuana Bankruptcy? Think Again

Be it the IRS, the Bureau of Reclamation, or the banks, the conflict between state and federal laws on marijuana can cause problems to those in the marijuana industry. You should now add filing for bankruptcy to the list. When businesses go (or are near to going) under, they typically file for bankruptcy in a

They Said It On Marijuana, Quotable Saturday, Part XXVI

Anyone remember Dan Quayle?  He was our 44th Vice-President and the guy who misspelled potato.  But who knew that even way back in 1977 he thought the war against marijuana was a complete waste of time? Well he did, as evidenced by this quote from him below: Congress should definitely consider decriminalizing possession of marijuana…

Facts Not Law Better For Addressing Marijuana Use In Teens

Our cannabis business lawyers are constantly reading the news to stay on top of both the laws and the realities of marijuana in the states in which we practice. Much of the concern from states regarding marijuana legalization relates to the lasting impact marijuana use can have on teenagers. Recently, a Springfield, Arkansas Newspaper published

Marijuana And Bankruptcy: Not A Good Mix

Readers know all too well by now that generally speaking, the feds and state-legal marijuana businesses do not play nicely together. (For those who need a refresher, check out Medical Marijuana Raids: A Thing of the Past? and The Federal Government’s Ongoing War Against Cannabis.) But we are constantly encountering new ways in which federal prohibition makes

Cash Payments to the IRS? Prepare to Pay the Penalty

When it comes to the federal government, marijuana businesses just can’t catch a break. We’ve preached frequently about the great federal-state divide when it comes to marijuana law and policy (read here, here, and here), and reminded our readers of the unfair treatment of marijuana businesses under the federal tax code. But a new complaint

They Said It On Marijuana, Quotable Saturday, Part XIX

Marijuana, in its natural form, is one of the safest therapeutically active substances known to man…. Marijuana has been accepted as capable of relieving distress of great numbers of very ill people, and doing so with safety under medical supervision. It would be unreasonable, arbitrary and capricious for DEA to continue to stand between those

Marijuana, Our Constitution, And The Pursuit Of Happiness

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are life, liberty, and the pursuit of happiness.” Today is the day we celebrate the birth of our nation and the moment we declared ourselves free and independent

As Marijuana Moves Forward, Hash Oil Explodes (Literally)

Though the Drug Enforcement Administration has approved expanding the Federal government’s marijuana grow operation in Mississippi for research and experimentation (focusing mostly on cannabidiols), real and fledgling chemists outside the government are conducting their own experiments with marijuana oils, often with dangerous and costly results. Since the passage of Amendment 64 in Colorado, the state has seen “a

Marijuana Banking Is Still Very Much Alive

We’ve written on numerous occasions about the lack of banking services available to marijuana businesses (see here and here), and the many problems that causes. When FinCEN released new guidelines for banks in February, industry watchers hoped that federally-backed banking institutions would begin opening their doors to state legal canna businesses. Many (including ourselves) touted the