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Democrats Hope Legal Weed Will Smoke GOP At The Ballot Box

LAS VEGAS ― Democrats are raising huge sums of cash ahead of November’s midterm elections, but they’re hoping another kind of green wave will help them at the ballot box. In races at the local, state, and federal level, Democratic candidates are embracing the legalization of some form of marijuana ― if not for recreational[…]

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How California’s local elections could expand cannabis business opportunities

The biggest bottleneck to the development and expansion of the legal cannabis industry across California has been local governments banning commercial marijuana companies. That roadblock could morph into more of a speed bump after the November election, when at least 82 cannabis-related ballot measures are slated to go before voters in cities and counties around[…]

Excise Tax or Regulatory Fee? A Warning for Bankruptcy Practitioners and Cannabis Clients

In In re Sandia Tobacco Mfrs, Inc. , 2018 WL 4964295 (Bankr. D.N.M. Oct. 12, 2018), the Bankruptcy Court for the District of New Mexico recently held that certain outstanding “assessments” arising under the Fair and Equitable Tobacco Reform Act of 2004, 7 U.S.C. §§ 518-519(a), and its accompanying regulations were excise taxes entitled to[…]

UK Government IT head outlines Making Tax Digital rollout

The head of software development collaboration at HM Revenue and Customs has spoken of the tax authority’s number-one priorities, including Making Tax Digital. Lee Hawksworth, HMRC’s IT head, discussed the new API development programme that will underpin the new MTD software interface and allow software developers to embed MTD information into accounting software. “HMRC now[…]