EXCLUSIVE: Forgivable PPP loans in your accounting — guidance from AICPA, by RLG attorney Omar Abdallah

By Omar Abdallah | Attorney at Rose Law Group You’ve received a forgivable loan under the Small Business Administration Paycheck Protection Program (PPP). How do you now recognize these funds in your accounting? Even though PPP loans are technically debt, many would say that the loan is essentially a government grant. Fortunately, the American Institute of Certified Public Accountants (AICPA) just issued guidance …

PV embarks on virtual governing; RLG land use attorney Omar Abdallah participates, impressed

By Josh Martinez | Paradise Valley Independent As the March 26 Paradise Valley Town Council meeting got underway, the room looked starkly different than it did almost two weeks earlier. Rather than councilmembers surrounding the table in the Town Hall boardroom, empty chairs lay dormant around a cleared table. Amid the empty room sat Town Clerk Duncan Miller, who was …

The download on industrial hemp in Arizona; ‘good news for growers,’ says Omar Abdallah, Rose Law Group attorney handling hemp-related issues

By Mike Sunnucks | Rose Law Group Reporter The state of Arizona issued 359 industrial hemp licenses for a new production program that started in June and 84.6 percent of the hemp grown was compliant with state mandated THC levels. That is according to a Year-End Report on the state’s industrial hemp program issued by the Arizona Department of Agriculture. …

Hemp processing added to Coolidge’s city code; Omar Abdallah, Rose Law Group attorney handling hemp-related issues, is upbeat about the updates

By Rofida Khairalla | Pinal Central As Pinal County farmers expect to see a cut to the amount of Central Arizona Project water coming into the county, some cotton farmers are turning to crops that require less water, like hemp. The shift in the agricultural industry is also encouraging municipalities like Coolidge to update city codes to accommodate the changes …

Omar Abdallah, Rose Law Group attorney handling hemp-related issues, on USDA’s proposed hemp regulations

By Omar Abdallah, Rose Law Group attorney The USDA has been working to develop hemp regulations to meet congressional intent of the 2018 Farm Bill that legalized the crop last December.   A draft of this long-anticipated regulatory framework, called the Interim Final Rule, was finally released on Tuesday. These rules are expected to be published in the Federal Register later …

Bad seeds cause Kentucky hemp crop to tank, suit alleges; Omar Abdallah, Rose Law Group attorney handling hemp-related issues, weighs in

By Aimee Green | The Oregonian/OregonLive A Kentucky-based company that produces CBD has filed a $44 million lawsuit against an Oregon company it claims sold it nearly worthless hemp seeds that ruined a massive 2019 crop. The crop was destined to help fulfill the country’s booming demand for CBD, a plant extract soaring in popularity as a treatment for health problems …

Omar Abdallah, Rose Law Group attorney handling hemp-related issues, fills us in on license fees for entering the hemp industry

By Omar Abdallah, Rose Law Group How much does it cost to get a hemp license from the Arizona Department of Agriculture? Licensing fees vary and can be found in the Arizona Hemp Program Rules.  Grower license fees are $1,500 per license with additional inspection fees depending on the number of acres used. A Nursery license is $1,000 per license. A …