Phoenix New Times: “A Navajo County judge’s recent ruling about medical-marijuana extracts could lead to popular dispensary products like vape cartridges and edibles being taken off the shelves. Don’t freak out: That’s a worst-case scenario. But it’s possible, if a higher court ultimately agrees with the judge and rules that “cannabis” is not covered by the Arizona Medical Marijuana Act.”
Los Angeles Times: “the draft of cannabis rules that the Los Angeles City Council will be asked to vote on sometime in the next week or so, . . . almost every other cannabis business except about a few dozen older dispensaries — will be required to shutter their operation until they receive an official city license. It’s a process that could take months. ‘You have a multimillion-dollar industry in Los Angeles and to have it come to a grinding halt will be ridiculous,. . . . People will be fired, or laid off. Businesses will have to leave the city. It’s a very messed up situation to say the least’.”
Bloomberg: “Does your state permit sales of medical marijuana? If so, will you be prosecuted for filing your tax return and reporting your state medical marijuana income? You could, if you report illegal sources of income and fail to invoke your Fifth Amendment right against self-incrimination. In this article, Ropes and Gray LLP’s Gabrielle G. Hirz and Kathleen Saunders Gregor, and Stefan G. Herlitz of Harvard Law School discuss filing and reporting income, even illegal income, and how the Fifth Amendment applies to tax returns and audits. “
Los Angeles Times: “Scientists. Tax collectors. Typists. Analysts. Lawyers. And more scientists. Recreational marijuana use becomes legal in California in 2018, and one of the things to blossom in the emerging industry isn’t green and leafy, it’s government jobs. The state is on a hiring binge to fill what eventually will be hundreds of new government positions by 2019 intended to bring order to the legal pot economy, from keeping watch on what’s seeping into streams near cannabis grows to running background checks on storefront sellers who want government licenses. Thousands of additional jobs are expected to be added by local governments.”