Cannabis Fundraising: Seven Key Takeaways from the SEC’s New Accredited Investor Rules

The SEC revised rules on accredited investors that will let more book-smart people and insiders invest in private companies. And it will give private marijuana and hemp companies access to seed capital that often comes with fewer strings than traditional bank and institutional investor financing arrangements.

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Guidance Issued on Payroll Tax Deferral for Cannabis Companies

The IRS issued much-anticipated guidance on the payroll tax deferral that was ordered by President Donald Trump in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to defer withholding on affected employees’ compensation during the last four months of 2020 and then withhold those deferred amounts during the first four months of 2021.

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