Lessons From The Prohibition Era: How New Enforcement Presents Greater Legal Risk For Illicit Market Cannabis Businesses featured in Benzinga
Insight Patrick Devine · August 21, 2020
Patrick Devine's article in Benzinga examines the use of tax evasion as an enforcement strategy in the prohibition era and highlights the recent use of the strategy by the California Department of Tax and Fee Administration to prosecute illegal cannabis businesses. It then discusses potential federal enforcement in California as the DEA is in the early stages of a legal battle with the California Bureau of Cannabis Control regarding its refusal to comply with a DEA subpoena of records for licensed cannabis businesses. Read the full Benzinga article here.
Patrick Devine, Esq. is an Associate at Rimon. Mr. Devine specializes in corporate law and regulatory compliance for cannabis companies. Mr. Devine counsels licensed cannabis businesses in structuring a wide range of corporate transactions. In addition to counseling licensed operators, Mr. Devine also guides cannabis brands and ancillary companies in navigating the highly regulated and constantly evolving cannabis industry. He has extensive experience assisting clients with entity formations, business acquisitions, supply chain agreements, intellectual property licenses and management agreements. Read more about Patrick here.
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