Publications

 
Clear Filters
25 July 2024

Navigating the Corporate Transparency Act: FinCEN’s Guidance on Dissolved Entities

The Financial Crimes Enforcement Network (FinCEN) has recently issued detailed guidance on the reporting obligations for dissolved entities under the Corporate Transparency Act (CTA). This update clarifies the Beneficial Ownership Information (BOI) reporting requirements for entities that have ceased to exist after January 1, 2024, significantly impacting how businesses handle their compliance obligations under the […]

10 July 2024

Artificial Intelligence and the Law: Recent Developments and Implications

Most Michigan-based companies and individuals currently operate in a business environment characterized by an absence of artificial intelligence (AI)-specific laws and regulations. However, the days of largely unregulated AI use may be ending as the legal landscape begins to catch pace. Those using or considering the use of AI in their day-to-day business operations and […]

02 July 2024

IRS to Cannabis Businesses: Not So Fast on 280e Deductions

On Friday the IRS released the following statement on Code Section 280e after a couple of marijuana MSO’s, Trulieve and TerrAscen and Ascend Wellness, filed amended returns in hopes of receiving refunds valued over $100 million. “Until a final federal rule is published, the Internal Revenue Service today reminded taxpayers that marijuana remains a Schedule […]

01 July 2024

New Department of Labor Overtime Rule Goes Into Effect Today

As we reported in April [Read Here], the new Department of Labor salary threshold for exempt employees goes into effect today, July 1.  The new rule requires employers to pay exempt administrative, executive, professional, outside sales, and computer employees at least $844 a week and highly compensated employees at least $132,964 a year.  Additional increases […]

27 June 2024

Evaluation Changes Effective July 1, 2024

Effective July 1, 2024, the teacher and administrator evaluation requirements at MCLs 380.1249 and 1249b are amended to address collective bargaining rights, effectiveness ratings modification, teacher and administrator evaluation changes, student growth requirements, required training for evaluators, and other modifications. MCLs 380.1249 and 1249b modifications include: A public school employer and a collective bargaining representative […]

25 June 2024

Ohio Issues Provisional Dual-Use Licenses

Just two weeks after the Ohio Division of Cannabis Control (DCC) opened the dual-use applications window, it has approved 62 provisional dual-use licenses to dispensaries, cultivators, processors and testing labs.  These are not licenses to sell non-medical marijuana, they are “placeholders” while the licensees go through the process to meet the requirements to obtain a […]

25 June 2024

Colorado’s Peak…and Valleys

With Colorado’s distinction of being the country’s first Adult-Use legal weed state, its cannabis market was hailed as the model for states that would soon follow its lead. But the last few years have seen the market experience a significant downturn (not unlike other states). Colorado’s cannabis sales have slipped $700 million since pandemic highs […]

25 June 2024

Ohio is Accepting Recreational Cannabis Applications

Ohio started accepting applications for recreational marijuana sales this past Friday (June 7). This is a big step for Ohioans, who voted for legalization last November. This initial round of dual-use license (medical and recreational) applications is only open to Ohio’s medical marijuana cultivators, processors, testing laboratories and dispensaries. According to the Division of Cannabis […]