The 2018 Farm Bill made a significant change to the definition of “marijuana” by introducing a THC threshold. Specifically, it now requires a concentration of at least 0.3% Delta-9 THC on a dry weight basis for something to be considered marijuana. In simpler terms, if a plant—or any product derived from it—contains 0.3% Delta-9 THC
Ogden Glazer + Schaefer Blog
Latest from Ogden Glazer + Schaefer Blog
Connelly: How to Pull the Wrench from the Works
In last week’s post, we talked about the Connelly case before the U.S. Supreme Court, which involved a fight between an estate and the IRS about whether money from a Key Person Insurance policy (that a company takes out on the lives of its shareholders) should count toward the company’s fair-market valuation for the purposes…
Connelly: a Wrench in the Succession Planning Works?
The U.S. Supreme Court issued a plethora of impactful decisions in its last term. One that might have flown under the radar had to do with estate taxes. Though topic of taxes does not normally make for engaging content, this just might be an exception. If you are a business owner (or are related to…
Border to Border
Remember back with Carter’s Big Mac post, I said we’d explore more things? Here is one of those posts!
The enforcement of laws depends on who made the law. If a city counsel created the ordinance, then it applies to that city – and no others. Same with counties, states, and countries. Sometimes an…
Labor Day 2024
It sure was a beautiful end to summer with a gorgeous long weekend of weather. We hope you were all able to enjoy the time with family and friends like Lola did. See you next week with a fresh blog post!
Finish Summer Strong While Prepping for Year-End Success
As the golden days of summer start to wane, the mornings greet us with a hint of chill, and the evenings slip into darkness a bit too soon. It’s already noticeable how dark it is by 7:30 p.m. or how it still lingers at 5 a.m. The purpose of this post isn’t to depress you…
The Preview to the Preview
This blog has made it a whole 2 months since the last post about Minnesota’s Adult-Use Cannabis Law, and now it is time to get back into it!
On July 31st, Office of Cannabis Management [OCM] put out its first draft of the proposed rules related to adult-use cannabis. In its announcement, OCM made clear…
OG+S’s Lego Parallel
This is Erin setting the scene for this week’s post. It’s written by Carter, our high school administrative assistant. It was spurred by our firm’s recent discussions about 1) our culture and how it impacts our actions, and 2) what a target client is. I was happy to see that our people are listening, thinking,…
Keep On Keeping On
As a small business owner, there are lot of plates that you are constantly spinning. How are your customers? Employees? What’s going on with your vendors? Your distributors? And on and on. One thing that often slips through is the actual status of the company. We had an intern this summer, and one of her…
Streamline Your Beneficial Ownership Reporting
As the 2024 deadline approaches, ensuring your business complies with FinCEN’s Beneficial Ownership Reporting requirements is crucial. At Ogden Glazer + Schaefer, we understand the complexities and challenges of navigating these regulations. That’s why we’re excited to offer a new BOI reporting service designed to simplify your reporting process, ensuring accuracy and compliance every step…