The Bottom Line When the Corporate Transparency Act (CTA) takes effect on January 1, 2024, it will create a new, confidential database of private companies’ beneficial owners. Enacted by Congress in 2021, the CTA was designed to help thwart the use of shell companies for illicit activities, Continue Reading
Regulatory Challenges to Cannabis Financing
Despite increased legalization at the state level of medical and adult-use recreational marijuana, illegality of non-hemp, cannabis at the federal level as a Schedule 1 controlled substance under the Controlled Substances Act (CSA) is an impediment for businesses in the cannabis industry (MRBs) to Continue Reading