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In the Media

The Feds Consider Making Marijuana Less Regulated

Read Time: 1 min

Associate Daniel Shortt (Seattle) was quoted in “The Feds Consider Making Marijuana Less Regulated,” in Essence from his article “From Schedule I to Schedule III: Potential Shift in Marijuana’s Legal Status” where he discusses the possible classification change of cannabis from a Schedule I to Schedule III classification.

Presently, marijuana businesses face a higher tax burden and they are prohibited “from taking credits or deductions other than those for costs of goods sold,” the law firm McGlinchey Stafford states. In addition, this will also make it easier to study, and “open up many research pathways, allowing U.S. researchers to better understand the cannabis plant and the interactions it has with the human body and mind. This will likely lead to the development of additional marijuana-based drugs, which will require a prescription for use,” the firm continues.

Read the full article here.

Insights

Presentation

Create Engaging Digital Content

March 27, 2024

Associate Daniel Shortt (Seattle) will present an American Bar Association Associate Daniel Shortt (Seattle) will present an American Bar Association (ABA) webinar, "Create Engaging Digital Content," on March 27, 2024.

Cannabis Alert

SAFER Act: Marijuana May Soon Become a Bigger Deal

October 17, 2023

The marijuana industry touted the passage of the SAFER Banking Act by the Senate Banking Committee, by a notable bipartisan majority of 14-9, on Sept. 27 and was placed on the Senate legislative calendar under general orders the following day. A Senate floor vote is now pending.

News Release

Three Green Light Law Group Attorneys Join McGlinchey

May 16, 2023

McGlinchey is pleased to announce that three nationally recognized attorneys who specialize in complex litigation, transactional, and regulatory matters across the spectrum of cannabis businesses have joined McGlinchey in Seattle and Albany.