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According to a recent study, almost a third of young adult Long Islanders who responded said they were planning on leaving Long Island. Long Island lost 15% of 20-34 year olds during the last census while nationwide it grew by 5%. Read more about the Long Island study.

A common theme of the event was the Long Island Brain Drain. How do we keep young professionals on Long Island? Discussion topics focused on employment opportunities, infrastructure and housing on Long Island including a discussion of Copper Beech Village and Village of Patchogue.

Suffolk OTB Casino Update. Despite local opposition from residents and town officials, Suffolk OTB is still making headlines across Long Island New York, moving forward with its casino proposal without the approval of local Suffolk County officials.

Suffolk OTB has plans to offer 1,000 video lottery terminals in Medford. They have recently acquired the former Brookhaven Multiplex movie theater. Suffolk lawmakers have asked the NYS gaming commission to disallow the casino proposal.

A conversation with David Mupko of Pamos Beverage Company regarding the plans and outlook for their cannabis-based spirits.

Business seeking investors, customers and staff will need to pay close attention to their corporate social responsibility (“CSR”) and environmental, social and governance (“ESG”) practices going forward.

NY Office of Cannabis Management Chair Tremaine Wright recently provided an overview of the key provisions of the OCM’s near-term goals.

After several attempts, New York State has become the 15th state to legalize adult-use recreational cannabis. Learn more about what’s included in the new law, taxation, and oversight.

An expected-to-be-signed bill on Governor Lamont’s desk would make Connecticut the latest state to legalize recreational cannabis.

A bill tentatively titled the “States Reform Act” has been leaked and, simply put, would remove marijuana from Schedule 1 of the Controlled Substance Act, and impose a 3.75% excise tax on the sale of cannabis products.

A quick look at the potential impact of the updated SAFE Banking Act on the cannabis industry.

Tremaine Wright is chair of New York’s Cannabis Control Board and Christopher Alexander is executive director of the Office of Cannabis Management. Ruben R. McDaniel, III and Jessica Garcia will serve as board members of the OCM.

Amazon’s Dave Clark recently announced that Amazon’s public policy team will be to actively support the Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act of 2021.

The Tax Cuts and Jobs Act will incorporate major changes to personal and corporate income taxes, estate taxes, and other changes to laws that will impact tax exempt organizations, bond financing, charitable contributions and excise taxes.

Before investing a not-for-profit’s funds, the board of directors, with management’s assistance, should strongly consider developing an investment policy and there are some basic fundamentals of a sound investment policy.

An organization may maintain its tax-exempt status even if it has unrelated business activity; however, it may be liable for tax on its unrelated business income. This tax is referred to as unrelated business income tax (“UBIT”).

There are certain activities that can jeopardize an organization’s 501(c)(3), and therefore their tax exempt status. It is important to be familiar with these topics in order to avoid risking your organization’s ability to fulfill its mission.

Governor Wolf signed two bills on December 22, 2017. Both Acts amend the Solicitation of Funds for Charitable Purposes Act to affect several important Pennsylvania Department of State Bureau of Corporations and Charitable Organizations processes.

Your not-for-profit organization should review its 403(b) plan and the number of participants annually to ensure that it is in compliance with the proper filing and auditing requirements.

The IRS has issued an alert regarding a scam from last year that targeted companies and this year is setting its sights on schools and not-for-profits. There are several things not-for-profits can do when it comes to this type of cyber fraud.