News and Insights
Blog Posts 2 results
8.28.24
Cannabis Rescheduling Timeframe Ends Speculation of Immediate 280E Tax Relief
The Drug Enforcement Administration (DEA) announced this week it will hold a hearing regarding the attorney general’s proposal to ease restrictions on marijuana. The hearing is scheduled for the…
5.06.24
Even When Section 280E No Longer Applies to Cannabis Businesses, Another Tax Problem Will Remain
Much has been written over the last week about the recommendation by Attorney General Merrick Garland to loosen restrictions on cannabis. That recommendation would, among other things, reclassify…
Legal Alerts 34 results
5.02.23
IRS Announces Heavyweight Bout with Sports Partnerships
On January 16, 2024, the Internal Revenue Service’s (“IRS”) Large Business and International Division directed its aim at the sports world by announcing its Sports Industry Losses campaign designed to…
2.13.23
IRS Clarifies Federal Tax Impact of Special State Payments
Taxpayers who received disaster relief and other special payments during 2022 now have guidance from the Internal Revenue Service (“IRS”) regarding the federal income taxation of these payments. On…
1.04.23
IRS Awakens From Nearly 30-Year Slumber to Announce Objections to 1994 Tax Court Decision
On December 9, 2022, the Office of Chief Counsel of the Internal Revenue Service (“IRS”) issued a General Legal Advice Memorandum (“Memorandum”) challenging the 1994 Tax Court decision in Childs v.…
One Minute Matters Video Series 1 result
5.08.24
When the DEA proposed a reclassification of marijuana from a Schedule I substance to a Schedule III substance, most of the headlines focused on the tax breaks businesses would recieve with the…
Podcasts 1 result
4.30.24
What happens if cannabis moves to a lower-risk drug tier?
UPDATE: In light of the breaking news on April 30, 2024, that DEA will move to reschedule marijuana to Schedule III, it is critically important that cannabis operators begin to take steps to prepare…
Press Mentions 4 results
6.03.24
"Taxes Take Center Stage In Pot Industry Amid Fed. Policy Shift"
Scott Kocienski was quoted in the Law360 Tax Authority article, "Taxes Take Center Stage In Pot Industry Amid Fed. Policy Shift."
1.27.23
Law360 Profiles Dykema’s Cannabis Team as a 2022 “Practice Group of the Year”
Dykema’s Cannabis Team was profiled by Law360 as part of its recognition as a “Practice Group of the Year” in Cannabis Law for 2022. In the profile, "Cannabis Group Of The Year: Dykema," Law360…
8.12.22
Crain's Detroit Business Taps Scott Kocienski for Commentary on Inflation Reduction Act
Scott Kocienski was quoted in the Crain's Detroit Business article, "Who wins, loses in Michigan with passage of tax and climate bill."
Press Releases 13 results
9.30.24
Dykema congratulates Universal Logistic Holdings, Inc. on its acquisition of Parsec, a market-leading provider of terminal management services to the Class I, regional, and short-line railroads across…
8.12.24
47 Dykema Attorneys Named to 2024 Michigan Super Lawyers and Rising Stars Lists
Dykema, a leading national law firm, announced today that 26 of its attorneys from the firm’s Michigan offices—and from multiple practice areas—were named to the 2024 Super Lawyers list by Michigan…
7.23.24
Dykema Assists Shoreview Industries LLC in Another Platform Acquisition
Dykema congratulates Shoreview Industries LLC on its partnership with Go Local Interactive. This transaction represents ShoreView’s 10th platform investment in its latest fund, ShoreView Capital…
