Denver issued a Marijuana Information Bullet to notify industry participants that the US Department of Justice (DOJ) has denied two applications for citizenship by persons who are employed in the cannabis industry. Denver has asked the marijuana industry to inform current and future employees about the negative impact that working for a cannabis company may have on an individual’s ability to become a US citizen or to stay in the United States. Persons who are impacted by this US DOJ policy should speak with an immigration attorney.
The United States Department of Justice announced that California Realtor, Charles T. Woods, was sentenced to two years in prison for failing to pay federal taxes on over $1 million in cash that Woods received from distributing marijuana. Woods kept the cash in 25 bank accounts, which he hid from his tax preparers. The DOJ indicated that Woods filed tax returns from 2012 - 2014. Woods was also ordered to serve one year of supervised release and pay $466,707 in restitution.
The following article suggests that a market failure will occur in the cannabis industry if the US government fails to legalize quickly. What do you think?
The California Legislature has enacted a joint resolution that asks the United States Department of Justice not to focus its enforcement priorities on California’s lawful and closely regulated cannabis industry. The California Legislature sates that the federal government should respect the state's right, as mandated by the citizens of California, to legalize marijuana. The joint resolution asks the United States Attorneys who represent the people of California to indicate whether they intend to divert scarce resources to focus on the cannabis industry, instead of focusing on legitimate public safety concerns such as the prosecution of individuals who created the prescription drug epidemic. Copies of the joint resolution will be provided to President Trump.