Commerce Clause

Christine Lagarde: Unlocking the power of ideas

Retrieved on:

Tuesday, April 23, 2024

CHIPS, Reproduction, International Energy Agency, Friends, Face, Learning, Theodore Roosevelt, CIT, The New York Times, Printing, History, Pleasure, Commerce Clause, Frankfurt, Artificial intelligence, Commerce, Wine, Congo, European Commission, Rail transport by country, USD, Inflation, Courage, Speech, Congress, Liberty, Hidden champions, ECB, Gibbons v. Ogden, Shock, Diffusion, Observation, Communication, International Monetary Fund, Ambition, GDP, Coal, IEA, McKinsey & Company, Electricity, EDS, European University Institute, Public policy, CHIPS and Science Act, Research, News, AI, EMU, Competition (economics), Robotics, Oxford University Press, Single market, Machine learning, Book, Australian Strategic Policy Institute, Solow–Swan model, European Central Bank, Democratic republic, Brain, Growth, Brookings Institution, European Council, Supreme, Steel, Natural Resources, Society, University of Chicago Press, Literacy, Necessary, Life, Diplomacy, Heart, Optimism, Economic growth, European Investment Fund, Renewable energy

Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.

Key Points:

Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.
The housing cost burden has, however, increased slightly for both renter and mortgage households at the upper end of the income distribution.

Verano Announces Revised Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Friday, March 15, 2024

Growth, Ground substance, Commerce Clause, Capital expenditure, Sale, News, Public expenditure, Table, Bank statement, Commerce, Depreciation, GAAP, Controlled Substances Act, Legislation, Video game

CHICAGO, March 15, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced revised financial results for the fourth quarter and full year ended December 31, 2023, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

Key Points:

Net loss for the fourth quarter 2023 was $(77) million, or (33)% of revenue, versus a loss of $(216) million in the fourth quarter 2022, and $(18) million for the third quarter 2023.
Net cash provided by operating activities for the fourth quarter 2023 was $32 million, up from $29 million for the fourth quarter 2022.
Capital expenditures for the fourth quarter 2023 were $10 million, up from $9 million for the fourth quarter 2022.
Free cash flow1 for the fourth quarter 2023 was $23 million, up from $20 million for the fourth quarter 2022.

KLAFTER LESSER LLP ANNOUNCES THAT THE DISTRICT OF COLUMBIA LAW BY WHICH IT HAS REQUIRED NON-RESIDENT (BUT NOT RESIDENT) SEMIPUBLIC INSTITUTIONS TO PAY SALES AND HOTEL TAXES HAS BEEN HELD TO VIOLATE THE U.S. CONSTITUTION

Retrieved on:

Thursday, April 4, 2024

Organization, Tax, Constitution, Clause, Commerce Clause, CVT, American Anthropological Association, American Philosophical Association, RYE, Commerce, Superior court, Court

That Clause prohibits a state, including the District, from discriminating against out-of-state entities when they participate in its economy.

Key Points:

That Clause prohibits a state, including the District, from discriminating against out-of-state entities when they participate in its economy.
Thus, the District, in favoring its own resident organizations, was found to have discriminated un-Constitutionally against such entities from other states.
Not a single other state imposes a residency requirement on semipublic institutions in order to obtain a tax exemption when engaging in commerce in it.
Despite this ruling, the District continues to unlawfully refuse to provide non-resident semipublic institutions with a tax exemption when engaging in commerce in the District.

Verano Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Thursday, February 29, 2024

News, Growth, Table, Sale, Commerce, Capital expenditure, Ground substance, GAAP, Webcast, Public expenditure, Legislation, Commerce Clause, Bank statement, Depreciation, Controlled Substances Act, Video game

CHICAGO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the fourth quarter and full year ended December 31, 2023, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

Key Points:

Net loss for the fourth quarter 2023 was $(73) million, or (31)% of revenue, versus a loss of $(216) million in the fourth quarter 2022, and $(18) million for the third quarter 2023.
Net cash provided by operating activities for the fourth quarter 2023 was $32 million, up from $29 million for the fourth quarter 2022.
Capital expenditures for the fourth quarter 2023 were $10 million, up from $9 million for the fourth quarter 2022.
Free cash flow1 for the fourth quarter 2023 was $23 million, up from $20 million for the fourth quarter 2022.

Verano Announces Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 8, 2023

CHICAGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the third quarter ended September 30, 2023, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).

Key Points:

Revenue for the third quarter 2023 was $240 million, up 5% from $228 million for the third quarter 2022, and up 3% from $234 million for the second quarter 2023.
Gross profit for the third quarter 2023 was $133 million or 55% of revenue, up from $123 million or 54% of revenue for the third quarter 2022, and up from $115 million or 49% of revenue for the second quarter 2023.
SG&A expense for the third quarter 2023 was $86 million or 36% of revenue, flat with $86 million or 38% of revenue for the third quarter 2022, and up from $85 million or 36% of revenue for the second quarter 2023.
Net loss for the third quarter 2023 was $(18) million, versus a loss of $(43) million in the third quarter 2022, and $(13) million for the second quarter 2023.

Lawsuit Seeks Equal Treatment for Cannabis Businesses

Retrieved on:

Thursday, October 26, 2023

SPRINGFIELD, Mass., Oct. 26, 2023 /PRNewswire/ -- A coalition of U.S. cannabis operators and investors working in state-legal medical and adult-use cannabis markets today filed a lawsuit against U.S. Attorney General Merrick Garland. The coalition, represented by the law firm Boies Schiller Flexner, seeks to enjoin the federal government from enforcing the Controlled Substances Act in a manner that interferes with the intrastate cultivation, manufacture, possession, and distribution of cannabis, pursuant to state law. The lawsuit asserts that the federal government has no basis for enforcing the Controlled Substances Act against intrastate, state-regulated cannabis operations.

Key Points:

The lawsuit asserts that the federal government has no basis for enforcing the Controlled Substances Act against intrastate, state-regulated cannabis operations.
The lawsuit seeks to confirm the rights of Massachusetts and other states to regulate cannabis within their borders, and to confirm the corresponding limits on the federal government's power to regulate commerce.
Absent the relief sought in this lawsuit, Plaintiffs and other state-regulated cannabis operators will continue to suffer severe harms.
The result is that many cannabis businesses are suffering, people are losing their jobs and individual wealth is being destroyed.

KLAFTER LESSER LLP ANNOUNCES THAT THE CONSTITUTIONALITY OF THE DISTRICT OF COLUMBIA'S RESIDENCY REQUIREMENT FOR SEMIPUBLIC ORGANIZATIONS TO OBTAIN A TAX EXEMPTION WILL SOON BE RIPE FOR DETERMINATION

Retrieved on:

Wednesday, March 22, 2023

State, Superior Court of the District of Columbia, RYE, Superior court, Tax, American Anthropological Association, Plaintiff, Organization, Clause, American Philosophical Association, Constitution, Commerce, Commerce Clause, Code of the District of Columbia, Court, CVT

That Clause prohibits a State, including the District, from discriminating against out-of-State entities when they participate in the State's economy.

Key Points:

That Clause prohibits a State, including the District, from discriminating against out-of-State entities when they participate in the State's economy.
No other State imposes a residency requirement on semipublic institutions for such tax exemptions.
You can also contact us from that website or you can call us at 914/934-9200 x 315.
Please visit our website for more information about the Firm.

NCLA Amicus Brief Tells Supreme Court that the ICWA Wrongly Divests Legislative Power

Retrieved on:

Saturday, June 4, 2022

NCLA is urging the Supreme Court to declare that the Indian Child Welfare Act (ICWA) divests Congresss lawmaking function to an entity outside of the federal government (i.e., Indian tribes), which Article I, Sec.

Key Points:

NCLA is urging the Supreme Court to declare that the Indian Child Welfare Act (ICWA) divests Congresss lawmaking function to an entity outside of the federal government (i.e., Indian tribes), which Article I, Sec.
The act purports to delegate authority to Indian tribes to re-write legislative default rules governing adoptive placement of Indian children, which would unlawfully divest Congresss legislative powers.
NCLA strongly supports judicial enforcement of the Vesting Clause's constitutional mandate that [a]ll legislative powers ... shall be vested in a Congress.
The States of Texas, Louisiana, and Indiana filed suit in district court, seeking a declaration that the ICWA violates the Vesting Clause.

Federal Judge Dismisses Lawsuit, Upholds Horseracing Integrity and Safety Act

Retrieved on:

Friday, April 1, 2022

LUBBOCK, TEXAS, April 01, 2022 (GLOBE NEWSWIRE) -- Texas Judge James Wesley Hendrix has just dismissed a lawsuit initiated by the National Horsemen's Benevolent and Protective Association (NHBPA) last year, an attempt to derail the Horseracing Integrity and Safety Act (HISA) that takes effect in July of 2022.

Key Points:

LUBBOCK, TEXAS, April 01, 2022 (GLOBE NEWSWIRE) -- Texas Judge James Wesley Hendrix has just dismissed a lawsuit initiated by the National Horsemen's Benevolent and Protective Association (NHBPA) last year, an attempt to derail the Horseracing Integrity and Safety Act (HISA) that takes effect in July of 2022.
Its time for the Horseracing Integrity and Safety Authority to swiftly implement the new law as intended and secure a contract with the U.S. Anti-Doping Agency to oversee all testing and enforcement so the eradication of doping can begin.
We congratulate the Authority on this tremendous victory leading up to the running of the 148th Kentucky Derby.
AWA's recent written works on the issue in the Lexington Herald-Leader and Horse Nation have urged the new Horseracing Integrity and Safety Authority to secure a contract with the U.S. Anti-Doping Agency (USADA) as the Congress intended.

IRONY ALERT! Senator Rand Paul Tells Mark Kaye Joe Biden's Vaccine Mandate Will Ultimately Be Killed By Obamacare

Retrieved on:

Tuesday, November 23, 2021

Supreme court, Newsmax TV, Insurance, Samuel Alito Supreme Court nomination, Radio, Social media, Wind, Law of the United Kingdom, Affordable Care Act, Commerce, Personality, Commerce Clause, Online gambling

JACKSONVILLE, Fla., Nov. 23, 2021 /PRNewswire/ --Senator Rand Paul of Kentucky called into the nationally syndicated "Mark Kaye Show" on Monday to discuss Joe Biden's unconstitutional vaccine mandate and his theory that it will ultimately be killed by the Supreme Court's Obamacare decision.

Key Points:

JACKSONVILLE, Fla., Nov. 23, 2021 /PRNewswire/ --Senator Rand Paul of Kentucky called into the nationally syndicated "Mark Kaye Show" on Monday to discuss Joe Biden's unconstitutional vaccine mandate and his theory that it will ultimately be killed by the Supreme Court's Obamacare decision.
"The irony is," explained Paul, "That the Obamacare ruling that we hated, actually said that you cannot force people to buy insurance under the Commerce Clause...the Obamacare case actually says that they will not be able to mandate vaccines under the Commerce Clause."
Kaye also asked Senator Paul about the Supreme Court and how he felt they would ultimately rule in the case.
Mark Kaye is a nationally syndicated radio host, star of "The Mark Kaye Show" on Newsmax TV, and an internationally known social media streaming personality.