By Russell Stein and David DiSegna On Thursday March 11th President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”). The law contains provisions to help businesses and individuals recover from economic hardships due to Covid-19. This Client Alert provides a brief overview of the changes to the Employee Retention Credit and introduces the...
A few weeks ago, we wrote that “political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass.” It seems our prediction was premature and it is becoming more likely that the General Assembly may not pass a bill before the close of its legislative session around the end of...
In the past few months, sales of Delta-8 tetrahydrocannabinol, also known as “Delta-8 THC” or “weed light,” have grown tremendously. So, it’s popular. But is it legal? At the federal level, the answer is hazy. And in Rhode Island, Delta-8 THC is still illegal. What exactly is Delta-8 THC? Delta-8 THC is a psychoactive cannabinoid...
One of the most frustrating issues facing the US’s burgeoning cannabis industry has been the inequitable tax treatment that cannabis businesses face as compared to other industries. The IRS’s guidance for one section of the tax code – Section 280E – has particularly frustrated the cannabis industry. Section 280E generally bars businesses “trafficking” in controlled...
By Daniel E. Burgoyne, Christian R. Jenner or Christopher M. Wildenhain In a recent decision, the U.S. Supreme Court gave a narrow win to creditors in a dispute over the proper interpretation of the automatic stay provisions in the Bankruptcy Code, ruling that creditors may passively retain a debtor’s property after the debtor files for bankruptcy. The decision...
Governor Gina Raimondo has appointed Partridge Snow & Hahn counsel, Christian F. Capizzo, to the Rhode Island Judicial Nominating Commission. The Judicial Nominating Commission is charged with screening applicants for vacancies on all Rhode Island’s courts. The Commission is responsible for selecting candidates to be interviewed, soliciting public comment, and conducting background checks. Based on...
All signs look favorable for the legalization of adult-use marijuana in Rhode Island in 2021. For many years, the legislative session in January started out with the same optimism, but then hope would fade out as other concerns would prevail, or as other, more pressing issues took precedence. But 2021 feels different. What makes this...
Partridge Snow & Hahn Senior Counsel, Jack Partridge, has been recognized as the 2021 recipient of the Ben G. Mondor Award by the Northern Rhode Island Chamber of Commerce. Jack accepted the honor at the 30th Annual Celebration event, which took place virtually on February 10, 2021. This award is presented annually to honor a Chamber member who exhibits...
Many organizations are in the process of determining whether or not they are eligible to receive a second draw Paycheck Protection Program (“PPP”) loan. Although many of the eligibility requirements for second draw PPP loans are the same as for first draw PPP loans, second draw PPP loans have additional eligibility requirements. In particular, an...
Partridge Snow & Hahn counsel, Elizabeth O. Manchester, has been named to the Board of Directors of the Taco/The White Family Foundation. The Foundation, which focuses on providing meaningful and strategic support to nonprofit organizations whose programs or services use art or artistic elements to enrich and strengthen their community, is recognized as a leader in...
