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On October 12, 2019, California Governor Gavin Newsom announced the following cannabis-related bills were signed into law: AB 37 Allows cannabis businesses to claim state tax deductions and credits available to other legal businesses in the state for each taxable year beginning on or after January 1, 2020, and before January 1, 2025. AB 404 Authorizes a laboratory testing cannabis or cannabis products to amend a certificate of analysis to correct minor errors. The bill also…
As we discussed previously, a truck driver and his wife brought suit in New York federal court against three companies selling a CBD oil product the trucker claims caused him to fail a drug test and thereby lose his job. Back in April, the U.S. District Court Judge, Frank Geraci, dismissed several of plaintiffs’ claims, leaving only two claims for fraudulent inducement and civil RICO. As a result, plaintiffs then moved under Federal Rule…
This week the United States House of Representatives is expected vote on the Secure and Fair Enforcement (“SAFE”) Banking Act under a special process called “suspension of the rules,” which allows for limited debate and requires a two-thirds majority to support it for passage.  The bipartisan bill would effectively protect financial institutions serving cannabis-related (defined as marijuana) businesses from federal intervention in states or Indian country that allow for the “cultivation, production, manufacture, sale, transportation,…