Companies are once again rushing to go public, and a handful of top law firms are helping—clearly showing the dominance of the biggest legal operations.

The operator of a medical cannabis dispensary agreed to settle a lawsuit accusing California of ignoring its own audit and overestimating the vendor’s sales tax liability for $200,000.

The IRS correctly limited the amount of wages a company can use to claim a newer tax credit enacted under the Tax Cuts and Jobs Act in 2017, a majority of the US Tax Court said in a precedent-setting opinion.

California lawmakers approved a bill Thursday that would reverse a cannabis excise tax increase that took effect earlier this year.

Law firm partners are wrestling with a new question from clients: How are you using generative artificial intelligence to lower the cost of your work?

A bankruptcy law provision for foreign insolvencies offers a potential solution for some US cannabis companies with cross-border affiliates looking to restructure or liquidate, even as they’re barred from using the traditional Chapter 11 tool.