While marijuana advocates celebrate the potential rescheduling of marijuana from Schedule I to Schedule III, the taxman has made clear that marijuana remains a Schedule I substance subject to Section 280E of the Internal Revenue Code.

Loper will have significant and immediate implications for the U.S. Department of Health and Human Services (HHS), the federal agency charged with the administration of the federal health care programs, including Medicare and Medicaid.

June 28, 2024, in Loper Bright Enterprises v. Secretary of Commerce, SCOTUS ruled to overturn a four-decade-old decision in Chevron USA Inc. v. Natural Resources Defense Counsel. The Loper case outcome may provide taxpayers with a better chance of persuading state courts that tax authority interpretations are invalid.

On June 27, 2024, the Supreme Court of the United States held that defendants in securities fraud cases brought by the U.S. Securities and Exchange Commission (SEC) are entitled to a jury trial under the Seventh Amendment.