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Suffolk County Sheriff Arrested For Allegedly Pressuring Cannabis Firm To Buy Stock

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Suffolk County Sheriff Arrested For Allegedly Pressuring Cannabis Firm To Buy Stock

Suffolk County Sheriff Steven Tompkins, 67, has been charged with Two Couns of Extortion for Allegedly Pressing A Boston-Based Cannabis Company to Sell Him Stock While It Was Preparaing For An Initial Public Public Offer In 2020. Federal Prosecutors Allege The Company Feared Rejectioning Tampkins Could Jeopardize its Partnership with a Sheriff’s depratment program that placed former in jobs there – poantially threatening its exploit license and iPoo. Trial submission states that Tampkins have connected $ 50,000 from its retirement account to buy stocks that initially grew at the price before declining. When the actions fell in 2021, he allegedly demanded and received a full return issued through five checks marked as “repayment of the loan”.

Tampkins, who oversees about 1000 employees, was taken to Federal Trustees in Florida and will appear in the US District Court in Boston. The sheriff, which previously fined $ 12,300 in 2023 for counters and the use of staff for personal instructions, threatens up to 20 years in prison for each count, three years under oversight and fine of $ 250,000. Neither his lawyer nor the Sheriff’s department commented on the case.

Message Sheriff County Sufolk arrested for alleged pressure on cannabis to buy stocks appeared first further Retail Marijuana Retail Report – News and Information for Cannabis sellers.

Medical Marijuana

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How Emergency Regulations Have Put Nebraska’s Medical Cannabis Industry ‘In Limbo’



LB1235 was introduced by the Committee on General Affairs

Nebraska lawmakers have advanced medical cannabis-related legislation for the first time, moving a bill aimed at funding and basic operations of the state’s Medical Cannabis Commission to the next round of discussion.

LB1235 was introduced by the General Affairs Committee on behalf of the Nebraska Medical Cannabis Commission at the request of Governor Jim Peelen. In its original form, the bill was designed to help the commission get started, according to committee chairman Sen. Rick Holdcroft.

“It’s providing funding so they can hire staff and get paid, it’ll give them a registry so they can start registering patients and caregivers and medical staff to make referrals, it’ll set up a seed sales program that will track mostly from seed so we can make sure it cuts down on any black markets,” Holdcroft said.

But advocates said the bill initially drew significant opposition because of concerns it would weaken patient protections. Christa Eggers of Nebraskans for Medical Marijuana said that while 75 percent of the feedback was positive, 25 percent were negative and resulted in the removal of patient protections.

“It gives full authority to the medical cannabis commission, and while we would have hoped and would have liked to have a commission that follows the will of the people, that takes into account public comment and public feedback, we haven’t seen that,” Eggers said.

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280E

How Cannabis Businesses Should Prepare for a Potential End to 280E

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How Cannabis Businesses Should Prepare for a Potential End to 280E

The recent presidential executive order directing federal agencies to speed up the reclassification process for cannabis marks an important moment for the industry. For operators, investors and consultants who have struggled with regulatory uncertainty for years, the federal reclassification of the plant could bringthe main benefits.

But it’s important to separate what the executive order actually did from what many hope it will do.

The rezoning could significantly change the tax landscape for hemp businesses, especially with respect to Section 280E of the Internal Revenue Codebut this will not remove the complexity of the requirements or provide instant relief. Understanding the difference is critical for operators planning their next move.

To read the rest of this article on MG Retailer, Click here

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