Category Archives: Uncategorized

U.S. Senate Committee Holds Marijuana Banking Hearing

A key U.S. Senate committee convened on Thursday to discuss marijuana banking issues and bipartisan legislation that seeks to resolve the industry’s unique financial challenges. Members of the Senate Banking Committee didn’t take any votes at the hearing, which was titled “Examining Cannabis Banking Challenges of Small Businesses and Workers,” but a focal point was […]

TTAB Denies Registration of Bakked Trademarks

In a precedential decision, the Trademark Trial and Appeal Board (“TTAB”) affirmed an examining attorney’s refusal to register two “Bakked” trademarks by deeming the goods to be illegal drug paraphernalia under the Controlled Substances Act (the “CSA”) and deciding the two exemptions of the CSA did not apply. The Bakked trademark applications National Concessions Group […]

Connecticut House Approves Psilocybin Decriminalization Bill, Sending It To Senate

The Connecticut House of Representatives has approved a bill to decriminalize possession of psilocybin mushrooms, sending it to the Senate. The legislation—which was introduced by the Judiciary Committee and cleared that panel in March—passed the House in an 86-64 vote on Wednesday. Under the measure, possession of up to half an ounce of psilocybin would […]

Delaware Lawmaker Who Passed Marijuana Legalization Bills Offers Advice To Legislators In Other States

A Delaware lawmaker who sponsored a pair of recently enacted marijuana legalization and sales bills is offering some advice to fellow legislators in other states who are thinking about pursuing the reform. Rep. Ed Osienski (D) discussed the complex politicking that was required to advance legalization during a Facebook Live event hosted by the Marijuana […]

Colombia Chamber of Representatives Passes Cannabis Legalization Bill

On May 8, the Colombian Chamber of Representatives passed a cannabis legalization bill. In the sixth of eight discussions, the bill was passed with a 98-57 vote. In Colombia, legislative acts require eight debates, and in the most recent discussion, it needed 95 votes to move forward. Rep. Juan Carlos Losada Vargas, who is also […]

New Jersey Governor Signs Bill Extending Tax Deductions to Cannabis Companies

New Jersey Governor Phil Murphy this week signed legislation to grant standard business tax deductions to licensed cannabis companies in a move designed to improve the viability of the state’s regulated marijuana industry. The measure, which decouples New Jersey’s tax laws from Section 280E of the federal tax code, was signed by Murphy on Monday […]

New cannabis banking hearing witnesses named (Newsletter: May 11, 2023)

Colombian legalization vote; FL marijuana ballot signatures; WA gov signs psilocybin bill; AZ psychedelics in budget; MN conference committee; RI ads Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Free […]

Cannabis Industry Paid $1.8 Billion in Excess Taxes in 2022

According to data from the cannabis research firm Whitney Economics, the cannabis industry paid an excess of $1.8 billion in additional taxes in 2022 alone. And, spoiler alert: This article doesn’t have a happy ending. Cision PR Newsletter reports that this number is expected to jump to $2.1 billion in 2023.  As High Times continuously […]

Doctors Warn Seniors About Consuming Too Much THC

Due to an uptick of incidents involving seniors consuming too much cannabis, doctors are warning older citizens about how to consume the plant correctly. Eating edibles in particular, without the proper guidance, is notorious for causing panic, though the risks are rarely physical. KOMO News in Seattle reports that doctors want to inform seniors about […]

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