Tag: Industry

Oregon Marijuana Businesses Sue State Over Voter-Approved Law Requiring Labor Peace Agreements For Industry Workers

Two Oregon marijuana companies are suing the state, in search of to dam the implementation of a voter-approved legislation mandating that cannabis licensees enter into labor peace agreements with workers. The corporations—Bubble’s Hash and Ascend Dispensary—filed swimsuit within the U.S. District Court for the District of Oregon on Wednesday, alleging that the labor coverage requirement is […]

GOP senators goal hashish trade tax cuts (Newsletter: February 10, 2025)

Trump price range director: marijuana a “gateway drug”; HI legalization stalls; Rescheduling listening to participant withdraws; IL gov touts $2B hashish gross sales Subscribe to obtain Marijuana Moment’s e-newsletter in your inbox each weekday morning. It’s the easiest way to ensure you know which hashish tales are shaping the day. Your assist makes Marijuana Moment doable… […]

Illinois Governor Touts Record $2 Billion In Marijuana Sales In 2024, Celebrating ‘Thriving’ Industry Despite Intoxicating Hemp Market Concerns

The governor of Illinois is touting the state’s record-setting $2 billion in marijuana gross sales in 2024, applauding the “thriving” business whereas criticizing the “proliferation of the unregulated intoxicating hemp market.” Of the $2 billion, a file $1.722 billion got here from adult-use hashish gross sales. That’s greater than double the primary yr of gross […]

New GOP Bill Would Block Marijuana Industry Tax Deductions, Even After Federal Rescheduling

Two GOP senators have launched a invoice that will proceed to dam marijuana companies from taking federal tax deductions underneath Internal Revenue Service (IRS) code 280E—even when it’s finally rescheduled. Sens. James Lankford (R-OK) and Pete Ricketts (R-NE) filed the “No Deductions for Marijuana Businesses Act” on Thursday to keep up the tax barrier for […]

Bipartisan Senators Address Marijuana Industry Banking Challenges At Hearing Despite Chairman’s Focus On ‘Federally Legal’ Businesses

U.S. senators on each side of the aisle addressed the shortage of banking entry for the marijuana business at a committee listening to on Wednesday, with one GOP member suggesting that the difficulty warrants a broader examination of federal hashish insurance policies. Meanwhile, a separate House committee additionally met to debate banking points, the place […]

Marijuana Industry Is ‘Effectively Debanked’ And ‘Forced’ To Operate On Cash, Witness Tells Senate Committee

As a Senate committee prepares to take up the difficulty of debanking at a listening to on Wednesday, one of many invited witnesses is proactively calling consideration to marijuana trade banking entry challenges below federal prohibition and urging Congress to enact bipartisan reform to handle it. While the chairman of the Senate Banking Committee, Sen. […]

Judge Gives Tennessee Hemp Industry More Time Before Statewide Product Ban Takes Effect

In dispute are guidelines, formulated by the Tennessee Department of Agriculture, to require new testing of hemp merchandise for delta-9 THC. By Anita Wadhwani, Tennessee Lookout The sale of popular hemp products will remain legal in Tennessee till at the least June, when a authorized problem to state guidelines that might outlaw many best-selling merchandise […]

Cannabis industry debanking issues spotlighted in congressional report (Newsletter: January 31, 2025)

KY gov awards medical marijuana cards; VA legal sales vote; HI legalization briefing; Bill Gates’s cannabis & LSD use; WA psychedelics 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… Before […]

Feds spotlight cannabis industry workers’ risks from allergens (Newsletter: January 17, 2025)

New marijuana industry coalition; Rescheduling hearing debate; OH House speaker dials down cannabis opposition; MA social consumption 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… Hold on, just one second […]

Why Delaying DEA’s Biased Marijuana Rescheduling Hearing Is Good For The Cannabis Industry (Op-Ed)

“Had we not intervened, the hearing would have gone ahead with DEA openly tipping the scales against rescheduling.” By Michael DeGiglio, Village Farms & Robert Head, Hemp for Victory As the leaders of Village Farms and Hemp for Victory, both of which had been selected to participate in next week’s Drug Enforcement Administration hearing on […]

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