Entries by Jeff

If You Can’t Beat Them, Join Them – Biden Administration Publishes Proposed Rule Moving Cannabis to Schedule III

Biden Administration Publishes Proposed Rule Moving Cannabis to Schedule III.  If this proposed rule is approved, the Federal government would recognize medical benefits of cannabis, make Section 280E inapplicable to licensed cannabis operators, and open up financial and banking markets. The Associated Press reported on April 30, 2024 that the Drug Enforcement Administration (“DEA”) will […]

Ohio taxpayers impacted by March 2024 tornados qualify for tax relief

On May 16, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by tornadoes that began on March 14, 2024 in Ohio. These taxpayers now have until September 3, 2024, to file various federal individual and business tax returns and make tax payments. The September 3, 2024, deadline will now apply to: Individual […]

If You Can’t Beat Them, Join Them – DEA to Propose Rule Moving Cannabis to Schedule III

If this change is approved, the Federal government would recognize medical benefits of cannabis, make Section 280E inapplicable to licensed cannabis operators, and open up financial and banking markets. The Associated Press reported on April 30, 2024 that the Drug Enforcement Administration (“DEA”) will propose a rule to reschedule cannabis to Schedule III under the […]

IRS further extends tax relief for Hawaii 2023 wildfire victims

On March 27, 2024 the Internal Revenue Service (IRS) announced further postponement until August 7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the August 8, 2023, wildfires in Hawaii. Previously, the deadline was February 15, 2024. The August 7, 2024, deadline will now apply to: Individual income tax returns and […]