Cole Memo

Zuanic & Associates' latest report outlines a roadmap for the SAFE Banking Act in the US cannabis industry, emphasizing the significance of rescheduling, US exchange uplisting, and a potential "Cole Memo II" (Garland Memo) as more critical catalysts than the SAFE Act itself. Join...

U.S. Attorney General Merrick Garland said the Department of Justice (DOJ) is examining cannabis policy and will be addressing the issue “in the days ahead.” Garland's comments were a response to Sen. Brian Schatz (D-HI) who had asked whether the DOJ...

Despite Friday’s rebound, this was a bad week for the U.S. stock market. Cannabis stocks followed a very different trajectory, with the United States Marijuana Index, which tracks 15 of the largest marijuana stocks in the U.S., posting a loss of 2.34 percent Friday, but still closing the week...

Attorney General Jeff Sessions’ views on cannabis became more evident than ever last week when he made public his decision to repeal the Cole Memo, an Obama-era memorandum that has essentially protected state-legal cannabis businesses from federal prosecution. While this move didn't...

The Internal Revenue Service is reportedly trying to prove that marijuana businesses have been illegally trafficking in weed and aren't entitled to the tax deductions they have been claiming, several sources have reported. In its latest effort, the IRS filed a series of summonses that granted...

The New York State Society of Certified Public Accountants (NYSSCPA) and the Foundation for Accounting Education (FAE) hosted their 2016 Marijuana Symposium: Business, Tax and Legal Implications last Tuesday. After the event, Benzinga had the chance to chat with one of the keynote speakers, Zameer...