On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” (the “OBBB”), which makes a number of highly beneficial changes to the tax treatment of Qualified Small Business Stock (“QSBS”) acquired by “non-corporate” taxpayers after July 4, 2025. The goal of these changes is to encourage investment in new companies by providing …
Tennessee Update: TABC to Honor Existing Agriculture Licenses for Hemp-Derived Products
We are pleased to provide an update to our recent Client Alert regarding Tennessee’s new law transferring oversight of hemp-derived cannabinoid products (HDCPs) from the Department of Agriculture to the Tennessee Alcoholic Beverage Commission (TABC), effective January 1, 2026. TABC has announced that it will honor existing Department of Agriculture licenses for manufacturers and applicable …