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Cannabis Client Alert - Weeks 4 19 2021 and 4 26 2021 | Dentons

In this week’s edition: House passes Secure and Fair Enforcement (SAFE) Banking Act to protect proceeds from state-legal cannabis businesses from operation of money laundering laws, but has an unclear path in the Senate Senate Majority Leader Schumer and Sens. Booker and Wyden expected to introduce comprehensive cannabis reform legislation over objections from some Democratic colleagues Adult-use cannabis now legal in 17 US states, including, most recently, in New York, New Mexico and Virginia Florida Supreme Court strikes down ballot initiative that would have allowed Floridians to vote to legalize cannabis for adult use Study finds 25 percent of Americans have consumed cannabis, up 56 percent since 2018

Tax Deficiences

SAN FRANCISCO The Ninth Circuit upheld a tax court’s decision against Harborside Health Center, one of the largest marijuana dispensaries in the U.S., on its petition for a redetermination of federal tax deficiencies, finding that a tax court properly ruled Harborside’s inventory cost is determined by a U.S. Treasury regulation that “applies to a purchaser and reseller of the products it sells.” 

COVID Task Force ecstatic about Johnson & Johnson vaccine

COVID Task Force ecstatic about Johnson & Johnson vaccine Bronwen Howells Walsh What a difference a week makes. Members of the Cape Cod COVID-19 Response Task Force yesterday used words like ecstatic, profoundly encouraging and remarkable, saying limited state supply of the Johnson & Johnson vaccine means they are confident in their ability to reach vulnerable populations. Sen. Julian Cyr (D-Truro) said the whole region now is pulling in one direction, focusing on homebound and vulnerable older adults who are without access to a computer or transportation.  The reality is that we only have a certain amount of supply, Cyr said. It’s going to be a heavy lift to get everybody vaccinated. Doses are not yet going to local boards of health. What has improved is the level of communication and transparency thanks to last week s establishment of a regional vaccine consortium.

Everyone in Summerside, P E I , aged 14 to 29 urged to get tested for COVID-19

Posted: Feb 26, 2021 4:06 PM AT | Last Updated: February 27 Anyone in the Summerside area experiencing symptoms of COVID-19 is asked to get tested at the clinic in Slemon Park as soon as possible.(Brittany Spencer/CBC) Everyone from age 14 to 29 in the city of Summerside, P.E.I., is being urged to get tested immediately for COVID-19, whether or not they have any symptoms.  The news came as Islanders got an update on a worrisome new cluster of three COVID-19 cases in the Summerside area from P.E.I. Chief Public Health Officer Dr. Heather Morrison. We certainly have concerns about possible community spread in P.E.I., this is why we are focused on increased testing, Morrison said Friday, during a rare second briefing for the day. 

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