New Congressional Bill Would Provide Federal Tax Relief For Marijuana Businesses By Amending IRS’s 280E Code

A congressman has reintroduced a bill that would amend an Internal Revenue Service (IRS) code known as 280E to allow state-legal marijuana businesses to finally take federal tax deductions that are available to companies in other industries. Rep. Earl Blumenauer, founder of the Congressional Cannabis Caucus, refiled the Small Business Tax Equity Act on Monday. […]

New Mexico Governor Vetoes Bills To Stop Incarcerating People For Certain Drug Offenses

“By taking away this tool, we risk losing an important incentive for defendants to get the help they need.” By Austin Fisher, Source NM New Mexico has for decades led the nation around harm reduction policies that try to address substance use disorders without incarcerating people. Two different but related proposals to strengthen those protections […]

Fire & Flower, Couche-Tard sign cannabis retail licensing deal for Canada, abroad

Canadian cannabis retailer Fire & Flower Holdings signed a master licensing agreement with key investor and strategic partner Alimentation Couche-Tard, the multinational gas station and convenience store giant that owns Circle K and more. Financial terms of the deal were not disclosed. ADVERTISEMENT “Fire & Flower is required to notify Couche-Tard only of new franchise […]

Washington Lawmakers Send Bill To Create Psilocybin Therapy Pilot Program To Governor’s Desk

A Washington State bill to promote research into psilocybin and create a pilot program to provide therapeutic access to the psychedelic for mental health treatment is heading to the governor’s desk following final approval in the Senate. The chamber first passed the legislation from Sens. Jesse Salomon (D) and Liz Lovelett (D) last month, and […]

Colorado House Approves Bill To Allow Online Marijuana Sales To Reduce Cash At Dispensaries

The Colorado House of Representatives has approved a bill that will allow adults to buy marijuana online—which supporters say will help businesses that have depended largely on cash transactions that put them at risk of crime. The legislation from Reps. William Lindstedt (D), Said Sharbini (D) and Robert Rodriguez (D) passed the House in a […]

Louisiana regulators allowing illegal hemp products on market, audit shows

The Louisiana health department has been allowing 200-plus intoxicating hemp products that violate state law to be marketed and sold, according to a recent audit. Under Louisiana state law, hemp products are limited to no more than 8 milligrams of THC per serving and no more than 1% THC by total concentration. ADVERTISEMENT Products meant […]

New York City Sues Unlicensed Cannabis Dispensaries and Landlords: Case Update

As we discussed here, in February 2023, New York City began filing lawsuits against the landlords and tenants of unlicensed cannabis dispensaries. One litigation that stands out is entitled The City of New York v. The Land and Building Known as 14 First Avenue, et al., Index No: 450378/2023 (the “Land Building Action”).  In the […]

Minnesota Marijuana Legalization Bill Finally Heads To House Floor After Clearing 15 Committees

A bill to legalize marijuana in Minnesota is heading to a floor vote after clearing its final committee stop on Monday. Meanwhile, a Senate panel is scheduled to take up a companion measure later in the day. The House Ways and Means Committee passed the legislation from Rep. Zack Stephenson (D) in a voice vote—marking […]

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