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A New Jersey Senate committee approved a pair of bills on Thursday that would allow licensed marijuana businesses to deduct certain expenses on their state tax returns, a partial remedy as the industry continues to be blocked from making federal deductions under Internal Revenue Service (IRS) code known as 280E. The Senate Budget and Appropriations […]
Prosecutors in Federal Court in Seattle are recommending a 10-year sentence for a man who lied about his background, education, military service and finances to dupe cannabis investors. The man, who posed as a billionaire and a twice-wounded Special Forces Iraq veteran, has pleaded guilty to securities fraud, reports CNBC. The 42-year-old man, who previously lived […]
Illinois regulators are extending a filing deadline and offering additional support for the state’s next round of marijuana social equity retail license applicants. The Illinois Department of Financial and Professional Regulation (IDFPR) pushed the filing deadline from Feb. 14 to March 3 and created an interactive map for applicants to confirm if residential addresses within […]
Florida-based multistate operator Trulieve Cannabis contributed another $5 million late last year toward a 2024 ballot initiative that would legalize adult-use marijuana in the state. The company, which enjoys a commanding presence in Florida’s MMJ industry, has now contributed $20 million toward the Smart & Safe Florida legalization campaign, according to the News Service of […]
Sign up for Weekend Dispensary to get the latest cannabis news and exclusive articles delivered straight to your inbox. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or […]
New Jersey marijuana regulators have filed proposed rules to allow for cannabis consumption areas where adults 21 and older could use marijuana on-site. The New Jersey Cannabis Regulatory Commission (NJ-CRC) says it “expects the new cannabis consumption area rules to have a beneficial social impact by advancing social equity, while allowing persons 21 years of […]
As we inch closer to a cannabis recession, businesses are desperately looking for new ways to stay afloat. A few years ago, our cannabis attorneys saw equity investments left and right. It seemed like everyone wanted to own a piece of a cannabis business. But as things grow more precarious for the industry as a […]
Sign up for Weekend Dispensary to get the latest cannabis news and exclusive articles delivered straight to your inbox. By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or […]
Another Minnesota House committee approved a bill to legalize marijuana on Thursday, with about a dozen more panels left to go before it reaches the floor. The House Judiciary Finance and Civil Law Committee passed the measure in a voice vote, with amendments. It now moves to the House Environment and Natural Resources Finance and […]