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Welcome to the Cannabis Reporter

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About Us

We are dedicated to providing you with the latest legal, business, and financial information related to the cannabis industry.  


Please check back for frequent updates.

Overview of california cannabis laws

Federal Law Warning Notice

Please be aware that possessing, using, distributing and selling cannabis are all federal crimes. Cannabis is not legal under federal law. The information in the Cannabis Reporter is for discussion purposes only and is not intended to give the reader legal advice, nor to assist you in violating federal law, or to assist you in complying with federal law. Even though cannabis activities are considered illegal under federal law, including medical cannabis, you are obligated to pay federal income tax on taxable income related to cannabis as if you were a legal for-profit entity.

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Sponsored by Law Office of Olman Valverde

www.valverde.law

1801 Century Park East, Suite 2400, Los Angeles, CA 90067

(213) 280-4478

Olman J. Valverde is an experienced business attorney and provides legal representation in matters related to cannabis law, business transactions, and acquisitions and divestitures.  Mr. Valverde assists clients in drafting and negotiating agreements for the purchase and sale of commercial cannabis businesses, management agreements between licensees and operators, and business formation.

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