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When Prohibition was repealed in 1933, the federal government, in an effort to streamline the calculation and payment of excise taxes, passed regulations setting forth standards of fill.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”).

Last year non-fungible tokens, known popularly as NFTs, exploded onto the marketplace. 

In order to limit liability, investors use corporations or limited liability companies to house restaurants, taverns, and package stores. 

The State Liquor Authority (“SLA”) has broad powers to conduct searches under the Alcoholic Beverage Control (“ABC”) Law.

Complications from Interstate Wine Sales are Now Coming into Focus. Out-of-state sales to New York wine drinkers pose a tremendous threat to package stores in New York, and the problem will likely exacerbate.

Accountability for Taxes and Conduct is Still Personal. The shield offered by a corporation or LLC will not protect a person from his or her own wrongful conduct.