The IRS recently issued guidelines for marijuana businesses, following a report of the Treasury Inspector General For Tax Administration, which recommended that the IRS place additional audit scrutiny on marijuana industry businesses.
This post explores the restrictions on transferring medical marijuana to adult use cultivation facilities and what this means for the retail sales launch date in October.
The guidance issued by Maine’s Office of Marijuana Policy addresses the requirement to include mandatory testing results directly on the marketing layer of any marijuana product.
Comments are due by October 8, 2020.
All adult use marijuana establishment licensees in Maine must get their scales and balances certified by an appropriately registered dealer or repairman.