Legally-Blunt

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Legally-Blunt is a Manzuri Law Publication that focuses on cutting-edge legal issues and is part of our educational mission.

Can You Save On Income Tax? (And Other Taxes Too!)

Posted by Guest Author | Aug 14, 2019 | 0 Comments

By Abraham Finberg CPA and Simon Menkes CPA As most people in the industry already know, due to Internal Revenue Code (IRC) 280E, cannabis businesses may only reduce their income with cost of goods sold (the cost of the product) to lower gross profit and save on taxes.  Most tax planning invol...

METRC: The Transition to CCTT

Posted by Meital Manzuri, Esq. | Aug 08, 2019 | 0 Comments

As you may know, California has contracted with Metrc (Marijuana Enforcement Tracking Reporting Compliance) as the state's track-and-trace system for purposes of tracking commercial cannabis activity from "seed-to-sale". Since contracting with Metrc in 2017, the State and its operators have bee...

Elizabeth Warren and Her Stance on Cannabis

Posted by Guest Author | Jul 23, 2019 | 0 Comments

As American citizens, it is our civic duty to educate ourselves and participate in our democracy. With 20+ Democratic presidential candidates, Manzuri Law knows firsthand just how difficult choosing a candidate is. We will be updating you as the race to 2020 continues in hopes of helping cannab...

When the FDA Met CBD: What Comes Next?

Posted by Jessica McElfresh, Esq. | Jun 19, 2019 | 0 Comments

CBD, or cannabidiol, is common, especially on the West Coast.  CBD is also an ingredient in Epidiolex, the one Food and Drug Administration (FDA) approved pharmaceutical containing CBD on the market in the United States.  The FDA has long maintained that CBD is legal only in an Epidiolex-type s...

The Decriminalization of Magic Mushrooms

Posted by Guest Author | Jun 13, 2019 | 0 Comments

Written by Kristen Abajian Welcome to a murky new movement to bring psychedelics out of the shadows and into a medical and research forefront. This movement aims to decriminalize psilocybin, otherwise known as the “magic” in magic mushrooms.  What is psilocybin?  Psilocybin is the main ingre...

Legislative Limbo for Expired Temporary Licensees

Posted by An-Chi Tsou | May 17, 2019 | 0 Comments

California policymakers have several time-sensitive decisions on their plate regarding the cannabis industry. Surviving state license backlogs, navigating tax burdens, and reducing barriers to local licensure are just a handful of the biggest concerns facing cannabusinesses, and as we reach the...

Cannabis Leases: Top 10 Things to Consider

Posted by Michelle Mabugat, Esq. | May 16, 2019 | 1 Comment

There's no such thing as a “basic” cannabis contract -- and commercial cannabis leases are no exception.  Unlike with standard commercial leases, cannabis landlords and tenants must navigate the inconsistencies (indeed, outright conflict) between federal and state law, the complexities of state...

THE (CANNABIS) CLONE WARS

Posted by Guest Author | May 14, 2019 | 0 Comments

By Abraham Finberg CPA and Simon Menkes CPA “A long time ago, in a galaxy far, far away …” It is a time of civil war, and the REBEL CANNABIS BUSINESS OWNERS are fighting battles on all fronts with the STORMTROOPERS from the federal, state, and local TAX AUTHORITIES. This article is about one su...

Are Delivery “Pop Up Shops” Legal?

Posted by Michelle Mabugat, Esq. | Apr 13, 2019 | 0 Comments

In case you missed it, Barneys New York made headlines this past February when it announced that it was opening its very own cannabis pop-up shop at its Beverly Hills flagship location; making it the first major retailer to introduce a whole section devoted to cannabis lifestyle and wellness.  ...

California’s Regulatory Problems Are Far From Temporary

Posted by An-Chi Tsou | Apr 11, 2019 | 1 Comment

California is experiencing some serious growing pains. Business owners and cannabis supporters are still battling against local jurisdictions to have them open their doors for cannabis regulations; some locals are suing the state for allowing delivery regardless of their current rules on cannabis...

CBD – Somehow Everywhere, Even Walgreens

Posted by Jessica McElfresh, Esq. | Apr 08, 2019 | 0 Comments

CBD, or cannabidiol, is somehow everywhere.  You can now find it in patches and creams at Walgreens or CVS.  You can get it in coffee and even doughnuts, at least in Portland, Oregon.  So, that means CBD is completely legal, right, at least if it is derived from hemp, right?  No, not exactly. As...

First-come, First-served Retail and Delivery, OH MY - LA’s Phase 3 considerations and an indication that new retail applications may become available soon

Posted by Meital Manzuri, Esq. | Mar 05, 2019 | 0 Comments

The whiplash in LA continues as the city ventures to create plans and procedures for its anticipated phase 3 application window.   If you'll recall, the DCR recently issued a series of recommendations for phase 3 that city council was considering.  DCR recommendations re: Phase 3   Shortly ther...

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