Nevada Cannabis Rescheduling: What Actually Changes for Operators Nevada cannabis rescheduling questions are coming up in nearly every client conversation right now, as the federal reclassification of marijuana moves from a talking point to an active legal process. So, what actually changes for operators? The honest answer is: some things immediately, some things eventually, and [...]
Senate Bill 41: What Your Cannabis Business Needs to Know Nevada cannabis tax permit requirements changed during Nevada’s 2024-2025 biannual legislative session, legislators passed Senate Bill 41 (SB41)- Committee on Revenue and Economic Development. SB41 relates to the Department of Taxation, clarifying their permits relations to cannabis operations. Cannabis Tax Permit Requirements for Nevada Cannabis [...]
S-Corporations Explained: Benefits, Tax Rules, and How to Become One What Is an S-Corporation? An S-corporation (S-corp) is a tax designation that allows eligible businesses to pass corporate income, losses, deductions, and credits directly to members or shareholders for federal tax purposes. Unlike traditional corporations, S-corps generally avoid double taxation while still offering liability protection. [...]
Federal Marijuana Rescheduling: What the AG’s Schedule III Order Means for Cannabis Businesses in 2026 Quick Summary Marijuana rescheduling 2026 FDA approved marijuana based drugs moved from Schedule I to Schedule III State licensed medical marijuana moved from Schedule I to Schedule III IRS Section 280E tax burden lifted for medical operators Recreational and unlicensed [...]
