With the holiday season underway and tax season on the horizon, many in the industry are planning or recently completed corporate changes to companies licensed to manufacture, wholesale, or otherwise sell alcoholic beverages.
In the last edition of Know the Law, we highlighted changes to application procedures that the State Liquor Authority (“SLA”) recently implemented to help speed up processing times.
Officially, the State Liquor Authority (SLA) processes license applications within 24 to 26 weeks. In reality, processing times are often much longer.
Throughout the COVID-19 pandemic, retail businesses in New York have faced enormous financial challenges.
In general, the Commerce Clause of the U.S. Constitution reserves to the U.S. Congress the ability to regulate commerce between and among the states of the United States and between the United States and foreign nations.
When Prohibition was repealed in 1933, the federal government, in an effort to streamline the calculation and payment of excise taxes, passed regulations setting forth standards of fill.
New York State, and its Office of Cannabis Management (“OCM”) and Cannabis Control Board (“CCB”) are quickly working to implement a licensing system and develop regulations based on the Marijuana Regulation and Taxation Act (“MRTA”) for the production
When businesses dealing in alcoholic beverages think of federal regulation, the Alcohol and Tobacco Tax and Trade Bureau or Food and Drug Administration spring to mind.
In our last article we discussed how NFTs associated with alcoholic beverages may be treated under New York’s Alcoholic Beverage Control Law (“ABCL”).