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.

Newsom Pushes California Cannabis in Right Direction

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

Going into the end of the legislative session, many members of the cannabis industry were optimistic about the fate of cannabis-related bills as they crossed Governor Newsom's desk. A leader of California's Blue Ribbon Commission on Marijuana Policy and a strong proponent of Prop 64, Newsom has...

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...

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